Thomas Lee, Fundstrat Global Advisors
Scott Mlyn | CNBC
(This story is only for CNBC Pro subscribers)
Fundstrat Global Advisors co-founder Tom Lee on Monday pushed back against claims that the stock market is in a dangerous bubble and told clients that equities are likely set for another strong decade.
In reiterating his bullish outlook, Lee noted that bonds and gold have “easily” outperformed equities since the start of 2019, leaving stocks with room to run.
He also noted that of the $3.1 trillion of retail inflows into financial assets since 2008, the vast majority of funds has been dumped into bonds despite the outperformance of equities.