Stocks could hit record highs this summer on cautious investor positioning and better-than-expected COVID-19 data, Fundstrat's Tom Lee says | Markets Insider

The stock market has been resilient amid rising COVID-19 cases in the US, suggesting that investors had been"bracing for a more dire path regarding COVID-19," Tom Lee said in a note published on Monday.

Lee said markets have been"bracing for a more dire path regarding COVID-19," which despite the rising infections has yet to see a sustained increase in hospitalizations and fatalities. While COVID-19 data is not coming in as bad as the market may have feared, investor positioning toward equities still remains cautious.

fundstrat Under your bullish case are you pricing in rates on the 10 y going to zero? If not don’t rates have to increase which would hurt stocks? If rates aren’t increasing isn’t the overall economy stalling?

Tom I agree. Believe Better is coming sooner than later. You have been on/right with great points...as well along the way in this pandemic/market with your analysis.

Propaganda for investers to be fucked over.

fundstrat Do you know COVID data better ?

What tom’s saying is “i dont know wtf mkt is going up but i think it’s gonna go up, so i ll just write some bs reasons for the call”. Similar to his bitcoin call in 2018, but cant blame him for that call

fundstrat fundstrat has the crystal ball everyone wants to have. I think he’s blessed with the ability of time travel. He might have several WallStreetJournals from 2021 and 2022. BoldCalls CalledTheBottom

If JoeBiden is elected, the stock market will crash and burn. There is no consumer confidence if he is in the white house. We do not need to imagine a man with dementia trying to manage our country, because he is running for President... listen and watch closely to this old fart

Hold my beer

What 'better-than-expected COVID-19 data'

fundstrat Brilliant chap fundstrat making bold calls 👍

fundstrat He is a one trick pony. All he means is ride the Fed. All the analysis is meaningless.

fundstrat Yup or they could go down 10-20%

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks are resilient because investors have been braced for much worse COVID-19 news, says strategistStocks will be resilient to COVID-19, according to this strategist, because of the Fed's help, the cost cutting happening across every industry and the anticipation of a V-shaped recovery. So, my question is, with the S&P down a paltry 1% YTD, are we really only 1% worse off than we were on January 1? My gut tells me no, and this house of cards the market has constructed will not end well. Because the pandemic will, eventually, end and life and business will go on.
Source: MarketWatch - 🏆 3. / 97 Read more »