Tom Lee: US stocks may bottom out this month, rising oil prices are actually relatively positive for US stocks
BlockBeats News, on March 15, Tom Lee, Chairman of the Ethereum treasury company BitMine, said in an interview with CNBC, "I think overall, tech stocks have actually performed quite well, including software stocks. This makes sense for us, but I want to say something a bit counterintuitive. Rising oil prices are actually relatively positive for the US stock market. One reason is that the US is a net producer of oil. When people worry that rising oil prices will drag down global economic growth, they actually prefer to hold growth stocks. This prompts investors to buy into the US stock market, because the US market itself is a 'growth index', especially the MAG-7 and the software sector. So I think the current market performance actually has its logic. I also believe the stock market may be forming a bottom this month."
The issue of private credit has actually existed for some time, and now it is just gradually being exposed. But I don't think the situation is as systemic as the market fears. Many people immediately think of Lehman Brothers and the global financial crisis when they see a problem, but there are many reasons why this time is different. First, the market size is not as large as it was back then. Second, the credit stress signals we are seeing now are not as severe as in 2008. So I think it is indeed dragging down the financial sector now, but it will not become a systemic issue for the entire market or economy."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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