CandleFocus Fundstrat’s Tom Lee Says Stock Market Sitting at Bullish Support Levels With ‘Trump Trade’ Still Intact
2024-11-20
Author: Content Editor
Fundstrat managing partner Tom Lee believes that the markets still have room to grow despite recent pullbacks. He points out that major indices have reached support levels, which he sees as bullish. Lee speculates that the market correction could be due to Donald Trump's upcoming Department of Government Efficiency (DOGE), which aims to reduce bureaucracy and public sector spending. This commission, headed by Elon Musk and Vivek Ramaswamy, could potentially lead to cuts in sectors like healthcare, industrials, and defense.
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