Asks if current VIX spike creates buying opportunity as Lee has previously suggested.
Frank
Jimmy Lee
Yes, sees this as a buying opportunity for those who missed the bull market. Favors cyclical sectors. Surprises could include Fed cutting more than expected.
Asks if Lee still sees a Goldilocks situation despite geopolitical tensions.
Frank
Jimmy Lee
Yes, believes we're in a Goldilocks situation. Switching from inflation worries to economy growing too slow. Fed may cut more than priced in.
Asks which sector benefits if President is bullish on opening housing market.
Frank
Jimmy Lee
Cyclical sectors will benefit. Consumer discretionary, which hasn't participated, will do very well.