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Tom Lee has long called for a stock market rally after the Federal Reserve cuts interest rates.
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But after Wednesday’s big 50 basis point cut, Lee says he sees uncertainty looming ahead of the election.
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Other analysts have also warned of volatility leading up to the November vote.
Prominent stock market bull Tom Lee has long called for a big rally after the Federal Reserve cuts interest rates.
But after a big 50 basis point cut on Wednesday, Lee says he’s feeling cautious ahead of the November election.
“This Fed cut cycle I think is setting the stage for markets to be really strong over the next one month or next three months,” Lee, co-founder and head of research at Fundstrat Global Advisors, told CNBC in a Thursday interview.
“But, what the stocks do between now and let’s say election day, I think is still a lot of uncertainty….
