Business

Fundstrat's Tom Lee sees a giant bullish transfer for shares after short-term uncertainty subsided

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Traders work on the trading floor of the New York Stock Exchange

Bryan R. Smith | AFP | Getty Images

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Fundstrat Global Advisors' founder Tom Lee told CNBC that he viewed Monday's stock sell-off as a buying opportunity and claimed that the market outlook for the next year remains positive given the current headwinds.

"I think it is understandable that the markets are nervous on the way to election day and the cases of Covid are increasing and we have not received any fiscal incentives," Lee told Closing Bell. "But I think, apart from the short-term setbacks, I think the setup is still very constructive over the next six to twelve months."

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Steven Gregory