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Lee Sees 'Overreaction', Opportunity After Equities Sink on Jobs Data

FS Insight Team

“I never had the fear of getting beat, which is how most people lose.” ~ Dan Gable, wrestler and Olympic gold medalist (1972) 

Good evening,

It was a tumultuous week. We saw strong gains during and immediately after a meeting of the Federal Open Markets Committee, to be followed with a sharp Friday sell-off that Fundstrat Head of Research Tom Lee unequivocally described as “ugly.” In addition to sharp declines in equities (all three major indices), we saw the VIX surge to nearly 29 be...

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