Investors should remain bullish despite volatility, advises Tom Lee
Fundstrat's Tom Lee believes that remaining optimistic in the face of recent market declines could be more beneficial to investors than easing caution
Fundstrat's Tom Lee believes that remaining optimistic in the face of recent market declines could be more beneficial to investors than easing caution. BREAK The head of research at Fundstrat told CNBC that the recent stock market decline, including the S&P 500 falling from above 6,000 to 5,832, is an opportunity for long-term growth.
Mr. Lee said that 2024 is a sustainable year for the market, with Despite the sharp sell-off on Dec. 18, he remains confident in the fundamentals driving stocks and believes that now is a good time for investors to buy.
December 18, the volatility index ( VIX) #rose significantly, and Mr. Lee said that the VIX played a historic role in indicating a market bottom. On that day, the VIX index, which reflects expectations of future volatility, jumped 75%. On three occasions, the market recovered within a week, and on the fourth occasion, within a month.
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