Tom Lee, head of Fundstrat Research, discussed Monday’s market sales as an “overreaction”. At CNBC, Lee said the double-digit step in Nvidia (NVDA) is the greatest option since the Covid outbreak and will prove to be a good purchase moment.
“Markets don’t like uncertainty, to me, it’s an overreaction, and this overreaction will be a great opportunity for investors,” Lee said.
Lee’s call works well so far. After Nasdaq sold 3% and Nvidia fell 17%, Nasdaq futures have risen 1%, while NVDA is 5% higher in trade before the market.
Monday’s sale in NVDA was the largest single-day market capital loss in history, with Nvidia losing $ 465 billion in market capital, according to Bloomberg Data.
Bitcoin (BTC) fell as far as $ 97,500 Monday and is already back over $ 103,000; But was as high as $ 105,000 before the news came out on Ai China’s Deepseek; This will be a level that Bulls seems to be recovering in the short term.
AI Bitcoin Mine Workers also saw massive drawings, as much as 30%, including core scientific (Corz), which is now slightly higher on the market.
Lee also refers to a healthy market structure in US equities and notes that Bitcoin has surpassed small capsules and economic years to date.
Wednesday is aimed at a political meeting in the Federal Reserve, which is largely expected that the federal fund rate should be paused by 4: 25-4: 50-rate. Lee says there is some uncertainty that goes into the meeting, as the markets are currently too Hawkish, and believes the market attaches too much emphasis to a potential interest rate hike in 2025.