Fundstrat’s Tom Lee Doubles Down on Three Stock Sectors for 2nd Half of Year, Names Equity Group Set To Surge Once the Fed Starts Cutting Rates

Co-founder of Fundstrat and managing companion Tom Lee is doubling his bullish predictions for sure shares this yr.

In a query and reply solely with the International Cash Discuss YouTube channel, Lee says that Fundstrat predicted initially of the yr that industrials, monetary knowledge and expertise would carry out higher than the broader US inventory market.

Lee notes that industrial and monetary knowledge have surpassed different sectors thus far, with Tech now additionally coming to life. In response to Lee, Fundstrat sees the three sectors that lead the inventory marketplace for the remainder of the yr.

The Fundstrat Government additionally thinks that one inventory group will see extra demand subsequent yr, a time when he thinks the Federal Reserve will begin decreasing the charges.

“With the FED discount percentages subsequent yr, I believe that will probably be good for interest-susceptible [stocks]. So that ought to actually assist monetary knowledge and it ought to assist small and mid-caps. “

Relating to cryptocurrencies, Lee says that if the market capitalization of stablecoins – or digital property is linked to different property similar to Fiat – bursts and treasured metals – erupt, so Ethereum (ETH) can be constructed on ETH.

“Stablecoins are pushed by the federal government of the USA. That is the factor. Circle (USDC) runs on Ethereum. Stablecoins are operating on Ethereum. So if Stablecoins explode, Ethereum is the spine for stablecoins. So I believe Ethereum may even make a giant comeback.”

https://www.youtube.com/watch?v=VRMU_8GE -QG

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