Tom Lee Says Massive Market Rally to Begin in Fourth Quarter
JH Kim
Summary
- Tom Lee, chairman of BitMine, said a massive market rally will begin in the fourth quarter of this year.
- He said the fourth quarter would mark the start of one of the biggest market rallies of our lifetime.
- Lee said stocks could move higher after the September Federal Open Market Committee (FOMC) meeting, depending on the Federal Reserve's policy decision.
Forecast Trend Report by Period
Tom Lee, chairman of BitMine (BMNR), said a massive market rally will begin in the fourth quarter of this year.
Watcher.Guru, a media outlet focused on digital assets, reported on September 16 that Lee said the fourth quarter would mark the start of "one of the biggest market rallies of our lifetime."
Lee has also maintained a bullish view on stocks in recent weeks. He said rising caution ahead of the September Federal Open Market Committee meeting means negative factors have been largely priced in.
As a result, he said stocks could move higher after the Federal Reserve's policy decision.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.