Tom Lee says the market is about to send a major 'risk on' signal

Tom Lee, Fundstrat Global Advisors
Scott Mlyn | CNBC

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Tom Lee, one of the Wall Street strategists who called the market comeback following the coronavirus-induced sell-off, said the market is about to send a powerful buy signal to investors.

Fundstrat's Lee said market participants will be soothed and motivated if the Cboe Volatility Index, a measure of investor fear, drops below 20, a level not seen since before the Covid-19 pandemic.