A potential inflection point in the market may be taking shape, according to Fundstrat’s Head of Research Tom Lee.
Citigroup (C) shares rose in early trading Tuesday after the bank reported better-than-expected first-quarter results.
Investor sentiment regarding economic prospects is the most negative in three decades.
Bank of America (BAC) and Citigroup (C) reported first-quarter increases in profits and revenue driven by robust trading results.