Bitcoin referring to a large stock market recovery, according to Tom Lee de Fundstrat – This is why
Tom Lee de Fundstrat says that Bitcoin (BTC) reports an optimization for the stock market for a key reason.
In a new interview on the Squawk box of CNBC, Lee said This bitcoin has returned to unprecedented levels since President Trump announced prices on April 2, which suggests that actions could soon print a massive recovery as well.
“Yes, I think new heights are possible this year [for the S&P 500]. One of the reasons is that companies have proven itself to manage by shocks, and I do not think that investors grant them enough credit. This happened with COVID. Companies have survived. Companies have survived an effect on the economy. They survived an increase in inflation. They survived the Fed hiking at the fastest rhythm of all time. So I think that this price shock, although it is shocking, I think that income will probably surpass expectations. It would be one thing.
And then I think that the things that led us, whether Tesla or the Mag 7 or Bitcoin, they started to recover. In fact, Bitcoin is above its level of April 2. So Bitcoin, I think, tells us that the S&P should recover towards a level of 5,800 in the short term. And it's always up here.
Bitcoin is negotiated at $ 93,828 at the time of writing, down 1.8% in the last 24 hours. Meanwhile, the S&P 500 is 5,673 at the time of the editorial staff.
Lee also says that data on the United States inflation suggests that the Fed could start reducing rates as soon as possible, which would increase market liquidity.
“The Fed has been suspended, and they say they expect prices. But what is interesting is that the ECB (European Central Bank) has reduced rates even if there is inflation of the tariffs that strikes Europe, or soon to reach Europe. The reason is that the inflation measurement of the European Central Bank, the HICP (harmonized consumer prices index), excludes refuges.
IF The Fed has excluded the shelter from its calculation of basic inflation, it is lower than Europe now, and yet the Fed funds are more than 225 stricter base points than Europe. So I can really sympathize with the argument that the Fed should cut now, even if we do not know the effects of the prices. »»
https://www.youtube.com/watch?v=YD859PTW
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