Home Business Fundstrat’s Tom Lee says Monday’s rally is only a ‘child step,’ market...

Fundstrat’s Tom Lee says Monday’s rally is only a ‘child step,’ market might go 10% larger

32
0

Tom Lee, Fundstrat International Advisors

Scott Mlyn | CNBC

(This story is for CNBC Pro subscribers solely).

Fundstrat’s Tom Lee mentioned Monday’s sharp rally on Wall Road was simply the opening chapter of what might be an excellent bigger run earlier than yr finish.

Shares soared on Monday after Pfizer introduced that preliminary information confirmed its vaccine candidate was extra 90% efficient in stopping Covid-19, fueling a fast rise in a number of the most beaten-down shares. Lee mentioned on CNBC’s “Halftime Report” that buyers have been shifting into bets on robust financial progress.

LEAVE A REPLY

Please enter your comment!
Please enter your name here