<\/p>\n
Fundstrat managing partner Tom Lee says last week\u2019s stock market pullback is a \u201cfalse narrative\u201d about the health of the bull market \u2014 and he is urging investors not to read too much into the volatility.<\/p>\n
Lee, a CNBC contributor, made the remarks<\/a> Monday on \u201cPower Lunch\u201d after markets sold off sharply Friday before rebounding early in the week\u2019s session.<\/p>\n According to Lee:<\/p>\n \u201cI think it\u2019s a false narrative to think the bull market is in trouble. I think the bull market is still intact and in very good shape.\u201d<\/em><\/p>\n Lee identified three drivers of last week\u2019s jitters: concerns about the AI trade following Broadcom\u2019s earnings guidance; the sheer scale of equity capital being raised by tech companies, including Google ($80 billion), SpaceX ($75 billion), OpenAI (potentially $100 billion), Anthropic ($75 billion), and Meta; and ongoing geopolitical tensions.<\/p>\n He also addressed the theory that the SpaceX IPO, expected around June 12, could mark a market top. While Lee acknowledged that \u201ca very large camp\u201d of institutional clients holds that view, he called it \u201cmisplaced concerns,\u201d arguing it is \u201cactually rare a big IPO marks a top.\u201d<\/p>\n Lee noted $7 trillion remains in cash on the sidelines and that IPO demand has already been strong.<\/p>\n \u201cI think the market\u2019s going to not only absorb this IPO really well, but I think the market\u2019s going to do well post IPO.\u201d<\/em><\/p>\n Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>  <\/p>\n Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Fundstrat managing partner Tom Lee says last week\u2019s stock market pullback is a \u201cfalse narrative\u201d about the health of the bull market \u2014 and he is urging investors not to read too much into the volatility. Lee, a CNBC contributor, made the remarks Monday on \u201cPower Lunch\u201d after markets sold off sharply Friday before rebounding […]<\/p>\n","protected":false},"author":2,"featured_media":430066,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-430065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/430065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=430065"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/430065\/revisions"}],"predecessor-version":[{"id":430067,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/430065\/revisions\/430067"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/430066"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=430065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=430065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=430065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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