Fundstrat Global Advisors’ head of research Tom Lee believes the recent sell-off in stocks due to President Donald Trump’s tariffs presents an opportunity for investors to buy the market. Contrary to this, cryptocurrencies are yet to show signs of recovery.
Lee stated that he expects the S&P 500 to rise higher by mid-year and even reach new heights in the full year. He attributes this optimism to the resilience shown by equity futures markets despite the imposition of significant tariffs on Mexico, Canada, and China. Lee views these universal tariffs as a negotiating tool for the US to strengthen its competitive position.
Regarding his outlook for 2025, Lee will share exclusive insights with CNBC PRO subscribers. For now, he emphasizes that while bitcoin is expected to be one of the best-performing asset classes this year, it faces short-term risks due to market liquidation. He anticipates a potential rebound in bitcoin prices once investors regain confidence.
Lee estimates that the current price level of around $95,000 for bitcoin may not serve as a floor for the month and could potentially drop further before recovering. However, he sees this as an opportunity for investors to buy in at lower levels.
Source: https://www.cnbc.com/2025/02/03/tom-lee-says-buy-this-tariff-dip-in-stocks-but-bitcoin-is-headed-for-much-more-short-term-pain.html