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Why Tom Lee says investors should be rotating out of ‘hyper-growth stocks’

Tom Lee
Adam Jeffery | CNBC

Tom Lee said Thursday that he sees new evidence suggesting investors should move away from some of the biggest pandemic-era stock winners.

The co-founder of Fundstrat Global Advisors pointed to Thursday's closing level for Wall Street's so-called fear gauge, the VIX volatility index. It set a new 52-week low during the session and closed around 17.3, which Lee said is "something you haven't seen since Covid."

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