Sources
Loading...
Additional media
Loading...

Tom Lee, a prominent strategist from Fundstrat Global Advisors, has cautioned investors about a potential 7-10% pullback in the stock market over the next 8 weeks. Despite his usual bullish stance, Lee advises caution during this period but suggests that any significant dip could present a buying opportunity. He emphasizes that the market remains strong and believes that the tops for 2024 have not yet been reached. Additionally, Lee notes that a 5% pullback is very likely, while a 1-2% pullback is just noise. This sentiment is echoed by other analysts who foresee a chance for lagging US stocks to gain if favorable data emerges soon.

