Don’t be Distracted by Greece

The Greek debt drama is a “sideshow” for U.S. investors, who should be encouraged by signs of a stronger American economy, longtime stock market bull Thomas Lee said Tuesday.

“Greece isn’t the systemic risk that it was three years ago,” he told CNBC’s “Squawk Box.”  “Focus on U.S. fundamentals, which have been really good.”

Wall Street started the week with a rally, which marked the fourth gain in five sessions, and left the Nasdaq composite and small-cap Russell 2000 index at new highs. Based on Monday’s close, the S&P 500 was just 0.6 percent from its record high, while the Dow Jones industrial average was 1.3 percent away.