Worst of Market Turmoil Behind Us, Fundstrat's Lee Says

Tom Lee discusses the recent market sell-off, describing it as a healthy recalibration due to central banks moving away from excessive easing. He explains that higher interest rates and inflation can benefit stocks and the economy by resetting expectations and aiding corporate profits. Despite current volatility, Lee believes the worst is over and sees opportunities in value investing, particularly in commodities and financials. He also addresses concerns about financial products and systemic risk, noting that post-2008 regulations have reduced leverage in financial entities.

What does Tom mean by saying that higher rates could be good for consumers?

What concerns does Tom express regarding innovative financial products?

What sectors does Tom suggest investors should focus on in the current market environment?