Tom Lee - Markets Are Overbought But Don't Use Overbought As A Sell Signal
Video Clip from CNBC March 9, 2024
Tom Lee reacts to the stock market pullback on March 8th, stating that the stock market is over extended and there is profit taking. However, he doesn't think this is a sell signal just yet because there are so many still calling this the top.
The three things that are working are big tech and crypto, weight loss drugs, and small cap stocks. He is still saying small caps could be up as much as 50% this year.
