"Buy on Dips" opportunity just around the corner? Wall Street's famous bull predicts US stocks will fall by 7% to 10%
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Tom Lee from Fundstrat Global Advisors expects the US stock market to fall by 7% to 10% in the next two months, providing investors with a "buy on dips" opportunity. He pointed out that current concerns about economic growth may lead to a greater market reaction to the upcoming employment report. Lee believes that if the employment report shows a rebound but not excessively strong, it may help the Fed's interest rate cut decision. The market has already anticipated a path of rate cuts of 25 basis points each time, but if the labor market slows down, the possibility of a 50 basis point rate cut cannot be ruled out
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