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Benzinga
Benzinga
Business
Rishabh Mishra

Tom Lee Says Institutional Investors 'Hate This V-Shaped Rally' With $7 Trillion On Sidelines, Sees 3 Drivers For More Gains

Tom Lee Stock Market Scott Wren Wells Fargo
Market, Stock, Trading, Stocks, Markets shutterstock_2283804651

While the stock market has been scaling new records, the CIO of FundStrat Capital, Tom Lee, has said that his institutional clients are “hating” the current rally in the stock market. Additionally, he spoke about three levers that could propel the market higher in the future.

What Happened: Lee, in conversation with CNBC, highlighted the $7 trillion in cash that is locked up in the money market funds and said, “I can tell you, our clients, institutional clients, remain very skeptical. This is the most hated V-shaped rally.”

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