Reported 2 days ago
Tom Lee from Fundstrat expresses a positive outlook on the U.S. economy despite the ongoing government shutdown, citing strong investments in AI and a dovish Federal Reserve as major growth factors. In a CNBC interview, he noted that the Fed's cautious approach provides support for the economy, and once the manufacturing sector improves, market sectors like financial stocks and technology could benefit. He acknowledged the skepticism surrounding the 30% stock rally, labeling it as 'the most hated V-shaped rally' while contrasting his views with warnings from other market analysts.
Source: YAHOO