Tom Lee, Fundstrat’s CIO, recently talked to the CNBCsuggesting that the wider market may be close to a bottom, potential once this week.
Lee’s perspective came in the midst of economic uncertainty as President Trump navigted his first 100 days in the office. There are many factors contributing to the market volatility, including the government department (DOGE) program, which imposes austerity measures that reduce public spending, and the Tariff Policies Creates additional uncertainty for businesses and investors.
Bitcoin (BTC) has yet to experience another return to price, filling CME Gap of Friday And at present Seated at $ 83,000—Down over 10% this year. Meanwhile, the NASDAQ 100 also dropped nearly 10%, with another similar denial will cover a bear market.
Lee taught until Friday’s upcoming work data as a major event that could dictate a short -term market direction. If the data is worse than expected, he expects a preliminary wave of panic, but Lee believes it can also promote the Federal Reserve to accelerate interest rate cuts.
Currently, the Futures market is the pricing on the 75 basis of decrease points for this year, which will bring the rate of benchmark federal funds to a range of 3.50% -3.75% by the end of the year. So far, the Fed has implemented 100 basic points of reduction in this cycle.
Lee also discussed Bitcoin’s struggles, noting that its recent collapse was not driven by negative news but instead of cycle forces. He sees a potential short -term price target of $ 62,000 but still sees Bitcoin ending more than $ 150,000 by the end of the year.
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