Thomas Lee, Fundstrat Global Advisors
Scott Mlyn | CNBC
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Tom Lee, the founder of Fundstrat Global Advisors, told CNBC on Friday that investors need to ensure their portfolio includes sufficient exposure to stocks linked to the reopening of the US economy.
That’s because Lee, who is also the chief research officer of Fundstrat, said he sees an improvement in the coronavirus situation in the country that could portend a rotation in those beaten sectors. He calls them “epicenter” stocks.
“What should your exposure to the epicenter be? Today it’s about 25% of the S&P … so if you own a quarter of your stake in these names, you’re actually just under market weight,” he said. said Lee on “Half-time report”. “I think most people have very little exposure. That’s why I think you want to have some exposure.”