Tom Lee, manager of FUNDSTRAT research, discussed Monday’s market sale as an “excessive reaction”. On CNBC, Lee said that the two -digit withdrawal in Nvidia (NVDA) is the greatest opportunity since the cocovio epidemic and will prove to be an excellent purchasing moment.
“The markets do not like uncertainty, for me, it is an excessive reaction, and this excessive reaction will be an excellent opportunity for investors,” said Lee.
Lee’s call seems good so far. After the NASDAQ sold 3% and NVIDIA fell 17%, the NASDAQ’s term contracts increased by 1% while the NVDA is 5% higher in trading before the market.
The sale of Monday in NVDA was the largest loss of market capitalization in a day in history, Nvidia losing $ 465 billion in market capitalization, according to Bloomberg Data.
Bitcoin (BTC) fell up to $ 97,500 on Monday and is already back above $ 103,000; But experienced $ 105,000 before the news of the news on the depth of China; It will be a level that the bulls will seek to recover in the short term.
Bitcoin AI minors have also experienced massive prints, up to 30%, including Core Scientific (CORZ), which is now slightly higher in pre-commercialization.
Lee also alludes to a healthy market structure in American actions and notes that Bitcoin has outlined small caps and financial exercises to date.
Wednesday turns to a federal reserve policy meeting which is largely planned for the rate of federal funds to be interrupted at the rate of 4: 25-4: 50. Lee says that there is a certain uncertainty in the Meeting, because the markets are currently too Bellician and think that the market is too emphasizing an increase in potential rates in 2025.
