Investors Are Wrong About Contractionary Cycle Starting, Fundstrat's Lee Says

The transcript discusses the current market sentiment, noting a steady decline without panic. It questions whether the dip is buyable and analyzes the market's search for equilibrium. The VIX term structure is examined, showing no expected volatility spike. Historical market conditions are compared, highlighting differences in sentiment and internal market factors. Concerns about a contractionary cycle and potential downturn due to tariffs are raised, suggesting possible market judgment errors.

In what ways does the sentiment in the market today differ from that in December?

What are the potential risks mentioned regarding the tariffs and their impact on the market?