The stock market is in risk-on mode as a sharp decline in COVID-19 cases means a big economic surprise is possible, Fundstrat's Tom Lee says

Business Insider
Jan 24, 2021, 8:52 am141 ptsTrending
Cindy Ord/Getty Images A sharp decline in COVID-19 cases is leading to a newfound risk-on mode for the stock market, Fundstrat's Tom Lee said in a note on Thursday. The bullish groundswell in stocks is evidenced by a rally in high-yield bonds and declining volatility. If the COVID-19 downturn continues, a…

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