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2 rare signs of market fear have aligned to create an extremely bullish situation for stocks, Fundstrat s Tom Lee says
2 rare signs of market fear have aligned to create an extremely bullish situation for stocks, Fundstrat s Tom Lee says
Emily GraffeoMay 12, 2021, 23:30 IST
Reuters / Andrew Kelly
Fundstrat s
The market s fear index spiked by 40% in two days, while the
NYSE Tick Index plunged to a low.
Historical data shows that the S&P 500 tends to surge for months after a spike in the
VIX, Lee said.
The recent movements of two market fear signals are setting the stock market up for massive gains, Fundstrat s Tom Lee said.
BSE, Happiest Minds, KSB, Lupin, Marico, UTI AMC, Wipro, NALCO, Hindustan Copper and NMDC witnessed strong buying interest from market participants as they scaled their fresh 52-week highs on Friday, signalling bullish sentiment.