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Fundstrat’s Tom Lee Says Markets Set To Rally Into Year-End Regardless of Election Winner

Author: Content Editor
Fundstrat managing partner and head of research, Tom Lee, believes that markets are poised to rally into 2025 regardless of the outcome of the US election. He states that election uncertainty has led to derisking and cash remaining on the sidelines, but with positive fundamentals, strong earning seasons, and a dovish Fed, he predicts that markets will perform well regardless of who wins the election. Additionally, Lee suggests that Warren Buffett may have to reconsider his position of holding more cash next year when interest rates decrease and the cost of holding cash becomes more expensive. Buffett recently sold billions of dollars worth of Bank of America shares and reduced his holdings in JPMorgan and Wells Fargo to zero.

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