US stocks could tank by 10% in the next 8 weeks, says this bullish forecaster

There are major chances of an incoming US recession and this slowly showing its colors based on the downward trend of major stocks in the US markets in recent weeks. Meanwhile Fundstrat's Tom Lee has claimed that there are chances of US stocks dipping by nearly 10% in the upcoming 8 weeks, based on his own analysis.

Lee has been monumental in presenting accurate market predictions in recent times, and the August sell-off period would be the best time to by the dip, and hold positions this early September.

Double-digit drawback on the cards?

US stocks could majorly show a double-digit drawback in the coming two months, as per Tom Lee, as some key market happenings will slow down the growth of US stocks, suggest the bullish forecaster.


Moreover, the US Presidential elections will also have a major effect on the stock markets, based on the current standings of both Presidential candidates, Kamala Harris and Donald Trump, who are at an epic rivalry at this very moment. The election uncertainty could be a contributing factor towards a major dip in stock market trends in the

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Federal Reserve's policy meeting could bring major changes

The Fed Reserve policy meeting may see interest rates slashed by at least 25 basis points, as per reports and analysis by Lee, and looking at his history off accurately predicting stock trends across the US markets, things could easily go his way.

Lee has advised investors to actively buy stocks during this major period of dip, as this would be the best time to purchase, as an early-on purchase this September will help in getting ahead through some gains across this downward trend period.

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FAQs:

Are US stocks showing a downward trend?
US stocks are depicting a strong, downward trend in the international markets, probably due to the election certainty amid the US polls 2024 season.

Could the US stocks dip in September?
The US stocks could show a major downward trend across the next eight weeks, if analysts are to be believed, paving the way for rapid purchasing during this period of dip.