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Fundstrat s Tom Lee says another epic rally in stocks hit hardest by COVID-19 could be coming soon

Fundstrat s Tom Lee says another epic rally in stocks hit hardest by COVID-19 could be coming soon egraffeo@businessinsider.com (Emily Graffeo) © Noam Galai / Contributor/Getty Images Noam Galai / Contributor/Getty Images Fundstrat s Tom Lee said stocks in sectors hit hardest by the pandemic like travel and retail may be due for a rally.  The head of research explained that the third wave of COVID-19 cases may be peaking in the US. When this happened after the second wave, epicenter stocks rallied shortly after, he said. From a market s perspective, a rolling over of COVID-19 should be a risk-on signal for epicenter stocks, said Lee. The reason, naturally, is that epicenter stocks are more sensitive to lockdowns and benefit from economic re-opening.

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