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The stock market is in risk-on mode as a sharp decline in COVID-19 cases means a big economic surprise is possible, Fundstrat's Tom Lee says
1 month ago | By Business Insider
Summary List Placement
A sharp decline in COVID-19 cases is leading to a newfound risk-on mode for the stock market, Fundstrat's Tom Lee said in a note on Thursday.
The bullish groundswell in stocks is evidenced by a rally in high-yield bonds and declining volatility.
If the COVID-19 downturn continues, a quicker-than-expected opening of the US economy would represent a big upside surprise for the market, Lee said.
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The US stock market is entering "risk-on" mode as COVID-19 cases stage a sharp decline, Fundstrat's Tom...
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