Fundstrat co-founder Tom Lee believes that both the equity market and cryptocurrency sector have already experienced a hidden bear market, suggesting that the worst of the downturn may be behind investors. According to Lee, many software stocks have already undergone significant corrections, while crypto assets followed suit due to tightening global liquidity conditions. Lee highlights that short positioning across markets has reached levels typically seen near market bottoms rather than at cycle peaks. This shift indicates that investor sentiment has turned excessively bearish, a condition… Read more
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