‘Trump Trade Still Intact,’ Says Tom Lee, Expects Market Uncertainty To Subside After Nvidia Earnings, Treasury Sec Announcement
Tom Lee, head of research at Fundstrat Global Advisors on Tuesday optimism about the markets despite recent uncertainties, emphasizing that “the Trump trade is still intact.”
What Happened: Speaking on CNBC, Lee highlighted several factors that could drive a more bullish outlook in the coming weeks, including upcoming “clearing events” such as the announcement of the next Treasury Secretary and Nvidia’s earnings report.
Lee noted that speculation over the Treasury Secretary appointment has created some market hesitation but expects clarity soon.
“As we remove uncertainty… it takes away some uncertainty and the Trump trade, I think, is still intact,” he said.
He pointed to predictive markets like Polymarket, where frontrunners for the role have fluctuated, further fueling investor anticipation.
Lee also addressed the Federal Reserve’s position, …
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