In this exclusive interview on CNBC, Fundstrat’s head of research, Tom Lee, discusses the positive signs he sees for the markets this week. Lee interprets the Fed’s recent move as positively surprising to the markets, especially in terms of their view on tariffs. He believes that the Fed’s stance on tariffs being possibly transitory is reassuring to investors. Additionally, Lee mentions that there are hints of possible deals or delays in tariff implementation, which could alleviate market fears. From a technical perspective, there are signs of a tradable bottom being established, indicating a potential turnaround in the market. Moreover, Lee notes that investor sentiment has shifted more than justified by market moves, leaving room for positive surprises. Overall, Lee sees dry powder in the market, with many clients holding cash, which could be beneficial in the current environment. Positive developments in tariff negotiations and strong investor sentiment could lead to market improvements.
