Tom Lee warns dip-buying hesitation ahead of U.S. midterms
1 report, 1 independent
Updated Sat 00:00
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What happened
Tom Lee, Fundstrat Managing Partner, provided commentary during a CNBC interview on October 31, 2026. He stated that institutional investors are waiting until after the U.S. midterm elections on November 3rd to buy dips. Lee noted that the Nasdaq 100 fell 3.5% on Friday, but the equal weight market is currently rising.
From el-balad.com
Why it matters
Lee suggested that the lack of dip-buying conviction between now and November 3rd could leave stocks more exposed to further selling. He added that this hesitation means the usual dip-buying support may be thinner leading up to the vote.
From el-balad.com
Who's involved
- Tom LeeProvided financial commentary and market analysis on CNBC's platform.
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The entities involved
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Tom Lee
American politician
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CNBC
American basic cable and satellite business news television channel