Fundstrat’s head of analysis, Tom Lee, says {that a} decision of President Trump’s tariff battle will create a constructive setup for monetary markets.
In a brand new interview on CNBC, Lee says that opposite to media headlines, the specter of tariffs has doubtlessly already left their mark on the monetary panorama, which means that many of the harm has already been finished to markets.
Lee references the inventory market correction of 1962 in the course of the Cuban Missile Disaster when markets bottomed earlier than the precise decision of the disaster befell.
“I feel markets ought to interpret it positively as a result of I feel after we speak to our shoppers, many are viewing tariffs as punitive, doubtlessly protectionist and driving a number of economies into recession. This feels like we might even have a positive-case state of affairs with these tariffs. One which’s both mutually agreed upon or reciprocal, however perhaps an excellent deal for companies and I feel it will set the stage for a a lot greater restoration rally than we count on…
We nonetheless have eight buying and selling days until April 2nd. Most buyers are getting simply nauseous from the volatility so that they wish to throw within the towel however we additionally know that markets will backside or have traditionally bottomed earlier than the occasion really occurs. The very best instance is the Cuban Missile Disaster in 1962. That was a 12-day disaster. The inventory market bottomed seven days into that disaster and recovered two-thirds of the losses earlier than the decision. So I feel that’s a good template for right now.”
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