Tom Lee Says Markets Could 'Rally Very Strongly' in September, Touts Fed Surprise
benzinga_article·- Fundstrat’s Tom Lee predicted that markets and Bitcoin could rally strongly in the fourth quarter if the Federal Reserve holds interest rates steady at its Sep. 15 meeting. - Lee cited several catalysts for a crypto breakout, including the conclusion of the four-year crypto cycle, potential CLARITY Act passage, and low current ownership. - He also estimated that Ethereum could reach approximately $6,000 if Bitcoin hits $150,000, while Hayes noted that ETH offers strong risk-reward upside.Oil Rises As US Strikes Iran; Warsh's Hawkishness Reverberates; Weak Stock Market Seasonality Ahead
benzinga_article·- Oil prices are rising significantly following U.S. strikes on Iranian rocket launchers and subsequent retaliatory attacks. - Global markets face selling pressure due to surging oil and hawkish remarks from Fed Chair Warsh ahead of the September 15 – 16 meeting. - Portfolio money flows show positive momentum in Meta and NVIDIA, while gold and bitcoin experience selling amid monetary policy uncertainty and weak seasonal trends.