Fundstrat co-founder Tom Lee remains optimistic. The businessman told CNBC that March will be a profitable month for the stock market. He added that, although recent airstrikes and geopolitical instability have caused jitters, the worst of the conflict-related sell-offs will occur this week, clearing the way for a recovery.
The immediate impact is visible in the spike of the VIX index, which measures volatility, due to the increased risk premium driven by war headlines. However, Lee maintains that the fundamentals of the U.S. economy have not changed and that sectors such as software, the “Magnificent 7” tech giants, and cryptocurrencies are already bottoming out after an overreaction from the market.
From now on, the crypto community must keep a close eye on the mean reversion capacity of the most hard-hit assets. The key will be observing whether the market repeats historical patterns where, once the military conflict is priced in, prices tend to stabilize and rise. The focus remains on the resilience of growth sectors in the face of global uncertainty.
Source:https://www.youtube.com/watch?v=5TVie7exq9M&t=52s
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