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Tom Lee, who called the market comeback, states shares can continue to go larger amid the virus situation uptick

Tom Lee, Fundstrat Worldwide AdvisorsScott Mlyn | BuddyMantra(This story is for BuddyMantra Professional subscribers only.)Tom Lee, founder and head of analysis at Fundstrat World-wide Advisors, mentioned he is nonetheless bullish on shares inspite of the market pullback this 7 days because of to a resurgence in coronavirus instances. “We’ve had a pretty huge setback in the info in the previous handful of days and I assume its understandable for stocks to be weak but I consider one particular of the matters that we are continue to constructive on is the thought that states can open safely,” Lee — who referred to as the market rebound — claimed on BuddyMantra’s “Halftime Report” on Friday. “I assume this is an setting where by affected individual capital is really going to be the best technique.”A mounting variety of Covid-19 instances in the U.S. and abroad this week prompted traders to ditch riskier assets on fears about the economic recovery. Some states, like Texas, even explained it will roll back again some reopening measures as instances and hospitalizations spike. Safely opening is a likelihood, stated Lee, like he is seeing in New York, New Jersey, Connecticut, Michigan and Maryland. 

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