Tom Lee Predicts Market Volatility And Buying Opportunities In Coming Weeks

According to Odaily, Tom Lee, co-founder and head of research at Fundstrat, anticipates some turbulence in the stock market over the next eight weeks. Despite this, he believes the potential downturn could present a buying opportunity for investors. In an interview with CNBC's 'SquawkBox Europe' on Tuesday, Lee stated, 'The upcoming Federal Reserve policy meeting in September and the U.S. elections are events that will make people nervous. I think investors should remain cautious over the next eight weeks.' However, Lee also mentioned, 'I believe there will be opportunities to buy in the next eight weeks. While caution is advisable, investors should also be prepared to buy on dips.' According to the CME's 'FedWatch' tool, the market is pricing in a 67% chance of a 25 basis point rate cut by the Federal Reserve in September, with some seeing a possibility of a 50 basis point cut.