US News Tom Lee sobered: Investors should not play the hero in July

05:18  27 july  2021
05:18  27 july  2021 Source:   finanzen.net

Cannes. The Palme d'Or, an epilogue of a festival that has kept its promises despite the

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The July Stock Market Month was previously characterized by strong fluctuations. Investors should not hope to be able to leave the month with strong gains, Thomas Lee, founder of Fundstrat Global Advisors.

Ralph Orlowski/Getty Images © Provided by Finanzen.net Ralph Orlowski / Getty Images

• July so far very volatile

• Tom Lee advises investors, no big bets

• Basic mood Nevertheless positive

Strong volatility has shaped the stock trading in the month of July. In addition to new records of US guide index Dow Jones and the Tech value index NASDAQ Composite , the German standard index DAX has also recorded a new high this month. But the July not only offered light, but also plenty of shadows. On July 19, the indexes rushed away from the bank, just to put a recovery in the parquet in the following days.

Weather. Northern Ireland, Morocco ... These countries who have broken their heat record in recent days

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"No premented trades"

for Tom Lee, the founder of Fundstrat, the strong fluctuations are a reason to be breeding investors for caution. In the interview with CNBC he emphasized, July not his month in which one really trying to be a hero.

COVID is further one of the dominant influencing factors in the markets. The Covid 19 infection numbers have already risen in July last year, similar developments awaits the strategist in the current year - especially against the background that covid variants existed, which would be more easily transferred. This buried the bullish principal, so Lee continued. Nevertheless, investors should not conclude that the fight against the coronavirus is now lost.

The market was advised of uncertainty, the July is therefore not a month in which investors should take into additional great bets, the expert in the interview further. He also referred to historical development: "I think the July, at least in my 30 years of research, has never been a great month for investors to drive really big gains," said Lee.

In the long term, Lee Bulle

remains despite the flourished stock market performance in July and again rising Covid-19 numbers remains a positive way to Tom Lee for the stock markets. In particular, Lee expects further course gains on the entire second half of the year and continues to ensure at its year-end price target for the S & P 500 at 4,600 points. The current index level of 4,422,30 meters (closing price of 26.07.2021) would have the US index with around 4.02 percent air.

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The Software Concer TeamViewer holds after a weaker second quarter at its outlook for the full year. © Provided by Finanzen.net Indranil Mukherjee / AFP / Getty Images "The business has developed very positively in June, so we are confident that we continue our successful growth course in the second half of the year and reach our goals," CEO said Oliver steep according to the message. The adjusted EBITDA margin is expected to be between 49 percent and 51 percent over the whole year.

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