CNBC Television ’Face ripper’ rally is in place, says Fundstrat’s Tom Lee

🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: Fundstrat’s Tom Lee says conditions are in place for this rally to continue well into April. With CNBC’s Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Brian Kelly. For access to live and exclusive video from CNBC subscribe to CNBC PRO: Tom Lee said Monday he expects the stock market’s strong start to April to continue throughout the month as part of what he’s previously dubbed a “face-ripper rally.” The co-founder of Fundstrat Global Advisors made his case in an interview on CNBC’s “Fast Money,” following the S&P 500′s 1.4% gain Monday to notch a record close of 4,. “Institutions raised almost $200 billion of cash since the start of the year, so they’ve turned quite cautious, and they’ve been fading or selling their tech and growth holdings but they’ve only just begun to nibble on the ... epicenter [stocks],” said Lee, whose firm considers those to be companies that were among the hardest-hit in the pandemic but stand to gain from the economic recovery. “So, I think there’s a level of surprise coming in April because we already had a strong finish beginning Wednesday of last week. It’s really three days of strong rallies and history shows this is really building up to be what could be a, potentially, S&P 4,200 before the end of the month,” Lee said. The broad equity index reaching that level would represent roughly 3% upside from Monday’s close. Additionally, Lee said it would make the April rally “something that is both really strong but, more importantly, quite a big surprise for institutions.” As for what happens after a so-called face-ripper rally, Lee said there could be a period of choppy trading. “I think if the S&P does in fact rally strongly this month at a time when institutions are sitting on so much cash and there’s so much skepticism on this market, we could see a big chase and that could mark the high for the year,” he said. “I wouldn’t say that’s our base case, but yes, we would have to consolidate these gains.” » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBCTV