Fundstrat's Tom Lee says stocks are in a 'dangerous' spot but long-term investors should sit tight


(This story is for CNBC Pro subscribers only). 

Tom Lee, Fundstrat Global Advisors
Scott Mlyn | CNBC

As major stock indexes fell again on Monday, Fundstrat's Tom Lee said the market was in a "dangerous" situation but he still expected the market to erase most of its recent losses by the end of the year.

Lee has been one of the more bullish Wall Street strategists during the coronavirus crisis and called for a market turnaround in March. CNBC's Scott Wapner said after the interview on "Halftime Report" on Monday that Lee seemed more "sanguine" than in previous appearances.

More In CNBC TV Picks

CNBC ProCramer says Goldman Sachs had a 'drop-the-mic quarter,' sees shares going to $500
CNBC ProEvercore ISI's Mark Mahaney says Netflix could be a top-performing tech stock over the next few months
CNBC ProGoldman's top equity strategist says investors shouldn't expect another great year like this one because of tax threat