Bitcoin Hinting at Big Stock Market Recovery, According to Fundstrat’s Tom Lee – Here’s Why
Tom Lee of Fundstrat said Bitcoin (BTC) signed bullishness for the stock market for a major reason.
In a new interview with CNBC's Squawk Box, Lee Says That Bitcoin has returned to levels that have not been seen since President Trump announced the tariffs on April 2, suggesting stocks could also print a massive recovery.
“Yes, I think the new highs are possible this year [for the S&P 500]. One factor is that companies have proven themselves to manage by shocks, and I don't think investors give them enough credit. That happened to Covid. Companies survived. Companies have survived a bullwh economic impact. They survived an inflation. They survived Fed hiking at the fastest rate ever. So I think the shock of this tariff, while surprising, I think maybe more expectations will be avoided. That would be something.
And then I think things are leading us, whether it's Tesla or the 7 or Bitcoin, they've started recovering. In fact, Bitcoin is above the April 2th level. So Bitcoin, in my opinion, tells us that S&P should be healed to a 5,800 level in the near term. And that is still reversed from it. “
Bitcoin trades $ 93,828 at the time of writing, down 1.8% in the last 24 hours. Meanwhile, the S&P 500 is at 5,673 at the time of writing.
Lee also said US inflation data suggests that the Fed could start cutting rates earlier than the latter, which increases the liquidity in the market.
“The Fed is grasping, and they say they are waiting for tariffs. But the interest is that the ECB (European Central Bank) is cutting rates whether there are inflation tariffs in Europe, or soon to hit Europe. The reason is the European Central Bank Inflation proposal, the HICP (aggressive index of consumer prices), The shelter.
IF The Fed does not include shelter from its core inflation calculation, it is lower than Europe today, and yet the funds fed is more than 225 points lighter than Europe. So I can actually empathize with the argument that the Fed should have now cut off, even if we do not know the effects of tariffs. “
https://www.youtube.com/watch?v=YD859PT6ITW
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