Summary:
- Tom Lee, the co-founder and head of research at Fundstrat Global Advisors, believes the current market selloff is the "worst overreaction" since the COVID-19 pandemic in 2020.
- Lee argues that the market is overreacting to concerns about the Federal Reserve's interest rate hikes and the potential for a recession, despite strong economic fundamentals and corporate earnings.
- He suggests that investors should focus on long-term opportunities and not get caught up in short-term volatility, as the market is likely to rebound in the coming months.