Tom Lee, CIO from Fundstrat, recently spoke with CNBC, suggesting that the wider market may be approaching a bottom, potentially as soon as this week.

Lee’s Outlook comes in the midst of financial uncertainty as President Trump navigates his first 100 days in office. Several factors contribute to market volatility, including the Department of Government Expenditure (DOGE) program, which imposes on savings measures that reduce public spending, and the tariff policy that creates additional uncertainty for businesses and investors.

Bitcoin (BTC) has experienced yet another reversing in the award that fills Friday’s CME hole and is currently at $ 83,000 – down over 10% this year. Meanwhile, Nasdaq 100 has also fallen almost 10%, with another similar decline would trigger a bear market.

Lee points to Friday’s upcoming job data as an important event that can dictate short -term market direction. If the data is worse than expected, he expects an initial wave of panic, but Lee thinks they can also cause Federal Reserve to speed up interest rates.

Currently, the futures market is priced in 75 basic points for cuts for this year, which would bring benchmark -feeding funds to an interval of 3.50% -3.75% at the end of the year. So far, Fed has already implemented 100 basic points worth of cuts in this cycle.

Lee also approached Bitcoin’s matches and noted that its recent downturn is not driven by negative news, but rather by cyclic market forces. He sees a potentially short -term $ 62,000 price target, but still sees Bitcoin ending over $ 150,000 by the end of the year.

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