Fundstrat‘s Tom Lee believes markets are poised for a rebound despite widespread investor anxiety ahead of President Donald Trump‘s anticipated tariff announcement on Wednesday.
What Happened: “Markets are deeply oversold,” Lee wrote on Monday on X, adding that “too many are only pricing in ‘worst case’” scenarios. He said that Bitcoin (CRYPTO: BTC) “likely leads bounce when recovery starts.”
Lee, Fundstrat’s Head of Research and Chief Investment Officer, noted high anxiety among fund managers who fear economic downturn following Trump’s Apr. 2 “Liberation Day” announcements. These concerns stem from uncertainty around tariff impacts and the Trump administration’s policies.
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