The small-cap-heavy Russell 2000 will jump 15% or more in August, Fundstrat's Tom Lee told CNBC.
Expectations of a Trump White house are also helping drive small-cap buying, Lee added.
Fundstrat's Tom Lee told CNBC that the small-cap-focused Russell 2000 is likely to gain 15% or more through August, if history is any guide.
Lee says the market's certainty in upcoming interest-rate cuts — expected to commence in September — is helping drive the small-cap rally.
"The nine times it did that since 1979, when you were in a bear market, we were up 100% — one month, three months, six months, 12 months later," he said.
Persons:
Russell, Fundstrat's Tom Lee, Lee, —, It's, He's, Donald Trump
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CNBC, Trump, Service, tanking, Barclays