Fundstrat’s Tom Lee Dismisses Tariffs as Market Threat—S&P Momentum Unshaken
Wall Street’s perennial optimist strikes again. Tom Lee of Fundstrat shrugs off tariff fears, doubling down on the S&P’s relentless climb. 'Just noise,' he says—while traders clutch their pearls and hedge funds bill by the hour.
Markets keep charging ahead, unfazed by political posturing. Another day, another bullish take from the guy who’d spot a silver lining in a crypto winter.
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A 10% tariff on imports, he says, WOULD only shave around 1% off GDP—a manageable drag, comparable to past oil price spikes that didn’t derail the economy.
Meanwhile, the broader setup paints a more optimistic picture. With short interest rising, cash parked on the sidelines, and market conditions steady, Lee sees potential for a sharp MOVE higher. The real risk, he suggests, may be missing out while waiting for perfect clarity.
As skepticism persists, Lee thinks the market could be gearing up for a surprise surge—fueled, ironically, by those still sitting on the sidelines.
