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.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015