Drew Angerer/Getty Images Turmoil gripping the banking sector may not expand into a full-blown financial crisis, Fundstrat said. That's because conditions are starting to stabilize, meaning stocks could veer toward the "bullish fork." "A fuller blown financial crisis is not inevitable," Fundstrat's Tom Lee said. The turmoil surrounding US banks may not blow up into a full-blown financial crisis – and stocks could still be set up for a year of bullish returns, according to Fundstrat's head of research Tom Lee.Lee, who has been bullish on stocks for months, pointed to the recent volatility ripping through the banking sector in a recent note, stemming from the collapse of Silicon Valley Bank earlier this month.
Comment on Here's why banking turmoil may not blow up into a financial crisis and stocks could still be set up for a bull market
jsor@insider.com (Jennifer Sor), Business Insider
Tue, 03/28/2023 - 9:22am
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