Why Fundstrat’s Tom Lee says the ‘epicenter’ inventory rally remains to be in its early days


Tom Lee, Fundstrat Global Advisors

Scott Mlyn | CNBC

Tom Lee said Tuesday he still sees plenty of room for economically sensitive stocks to keep rallying.

In an interview on CNBC’s “TechCheck,” the co-founder of Fundstrat Global Advisors said his view is informed partly by recent conversations he has had with clients after months of touting this group of “epicenter” sectors.

“For the first time maybe since we’ve been recommending epicenter, last week, we got finally some investors to take a look at these cyclicals,” Lee said. “So I think it’s just the door has finally opened. We’re probably in stage zero of stage 30.”

Fundstrat’s current basket of epicenter sectors consists of industrials, energy and, most recently, financials, which just replaced materials.