Tom Lee Says Stocks May Have Bottomed in Early November Ahead of a Post-Midterm Rally
Fundstrat's Tom Lee believes the stock market may have reached a bottom in early November, potentially setting the stage for a post-midterm rally.
Lee points to a historical pattern in midterm election years that begin with a Republican trifecta:
- Markets have historically bottomed in early November.
- Those early-November lows have typically been followed by stock market rallies.
- Lee believes the current market is closely tracking this pattern, suggesting further gains may lie ahead.