Tom Lee, Fundstrat Global Advisors
Scott Mlyn | The Washington City Times
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Tom Lee told The Washington City Times he sees the stock market’s sharp fall on Thursday as an opportunity to add exposure to cyclical stocks linked to the economic recovery.
In an interview on “Closing Bell,” Fundstrat Global Advisors co-founder said his concerns about rising bond yields and a rise in the VIX, the so-called Wall Street fear meter, sparked a broad risk-off deal.
“Does this kind of change the trajectory for markets? I don’t think so. I think the underlying economic data is still very good. The advice to our clients is still adding to your epicenter exposure, the cyclicals,” said Lee. .