Fundstrat Worldwide Advisors Tom Lee is calling for stocks to rally into year-end.
It’s not based on any single election result. Rather, it takes into consideration three widely-talked about circumstances.
Lee’s base case: Joe Biden wins with a blue wave due to his strength in the surveys and wagering markets.
” That rally is roughly 10%,” the companies’ co-founder and head of research study informed CNBC’s “ Trading Nation” on Monday.
With the S&P 500 around 8%from its all-time high of 3,588, Lee’s prediction indicates the index would be selling record area entering into 2021.
In that situation, he sees cyclical stocks fairing the very best on the expectation Biden would assist get a significan