市场可能正在接近关键的转折点

Fundstrat的汤姆·李（Tom Lee）表示，市场可能正在接近一个关键的转折点，他认为当前条件可能会为可交易且可能是真正的底层奠定基础。

Fundstrat's Tom Lee believes markets may be approaching a key turning point, setting the stage for a tradable and possibly real bottom.

Fundstrat的汤姆·李（Tom Lee）认为，市场可能正在接近一个关键的转折点，为可交易且可能是真正的底层奠定了基础。

What Happened: Speaking in an interview with CNBC on Monday, the veteran strategist pointed to a confluence of oversold indicators, investor de-risking, and anticipated policy clarity later in the week.

发生的事情是：在周一对CNBC采访时，这位资深战略家指出了超出的指标，投资者降级风险和预期的政策清晰度。

"I think it's possible that instead of us breaking down here and seeing markets under further pressure, we've actually got the right pieces for a bottom," said Lee, Fundstrat's Head of Research and Chief Investment Strategy Officer.

Fundstrat的研究主管兼首席投资战略官Lee说：“我认为，我们实际上有可能在进一步的压力下看到市场，而是看到市场的底层合适。”

His remarks come as the S&P 500 flirts with correction territory, lagging recent highs by nearly 10%.

他的言论是因为标准普尔500指调和更正领域的调情，最近的高点落后近10％。

Lee noted that despite bearish sentiment over the weekend and pressure on futures, investors have already undergone significant de-risking, setting the possibility for a relief rally.

李指出，尽管周末看跌和对未来的压力，但投资者已经经历了巨大的疾病风险，为救济集会带来了可能性。

This is especially relevant as uncertainty around tariffs and government policy begins to ease after Wednesday.

这尤其重要，因为周三之后的关税不确定性和政府政策开始缓解。

"Markets are really oversold," Lee explained. "And I think post-Wednesday, we'll start to see some visibility. That could take the selling pressure off."

李解释说：“市场真的超卖了。” “而且我认为周后，我们将开始看到一些知名度。这可能会降低销售压力。”

Among the major concerns driving current market sentiment are fears of economic disruption due to trade tariffs, lingering inflation, and a cautious Fed policy.

在推动当前市场情绪的主要问题中，人们担心由于贸易关税，持续的通货膨胀和谨慎的美联储政策而造成的经济中断。

Also Read: Strategy Acquires 22,048 More Bitcoin For $1.92 Billion, Bringing Total Holdings To 528,185 BTC

另请阅读：策略以19.2亿美元的价格收购了22,048个比特币，使总持股达到528,185 BTC

Why It Matters: Lee suggested that some of these fears may be overblown. He also highlighted how falling energy prices and lower interest rates could buoy growth, counteracting stagflation concerns.

为什么很重要：李建议其中一些恐惧可能被夸大了。他还强调了能源价格下跌和降低利率如何促进增长，从而抵消停滞的问题。

"People are buying cars and wine ahead of tariffs, and that's distorting inflation," Lee observed. "But if you factor in some of the positive effects like lower gas prices and interest rates, we might actually see better growth."

李说：“人们在关税之前购买汽车和葡萄酒，这正在扭曲通货膨胀。” “但是，如果您考虑一些积极影响，例如较低的汽油价格和利率，我们实际上可能会看到更好的增长。”

He added that while forecasts, like Goldman Sachs' recent upward revision of core PCE inflation, point to sticky price pressures, the Fed may remain more dovish than the market currently anticipates.

他补充说，虽然预测，例如高盛（Goldman Sachs）最近对核心PCE通货膨胀的上升修订，表明价格压力很大，但美联储可能仍然比市场预期的更配。

"I think we'll have a glimpse of what Chair Powell's thinking when he speaks Friday after the jobs report. The Fed still seems more dovish than many believe."

“我认为我们在鲍威尔在工作后周五讲话时会瞥见他的想法。美联储似乎仍然比许多人相信的要肮脏。”

Lee's comments come during a volatile stretch for both equity and crypto markets.

Lee的评论是在股票和加密市场的动荡中。

He acknowledged that Bitcoin has been testing recent lows, but said the cryptocurrency could benefit from the Fed's more accommodative stance.

他承认比特币一直在测试最近的低点，但表示加密货币可以从美联储更宽容的立场中受益。

"I think it's a decent time to be stacking. Now that we're exiting March and entering a stronger seasonal period, Bitcoin could do well into year-end."

“我认为这是一个不错的堆积时间。现在，我们正在退出游行并进入更强大的季节性时期，比特币可以在年底之前做得很好。”