• Tom Lee's Equity Strategy
Fri June 12, 2020

Market Pullback Overdue; Lots of Cash Still On the Sidelines

It was a painful week, with equity markets down 5%. But a big pullback was overdue, given the extended and relentless rise. The natural question is whether this is the start of a broader sell-off. If so, the one thing to be mindful of is: who needs to de-lever? There...

  • Signal from Noise
Wed May 6, 2020

Post COVID-19, Graham Holdings Could Return to Growth

I’m looking ahead to a time when the coronavirus (COVID-19) is eventually contained and economic activity resumes. That said, if you don’t agree with that assessment, that the world economy has worsened permanently, then stop here.   As COVID-19 fears fade, I view Graham Holdings (GHC) as undervalued. On Wednesday,...