Fundstrat Co-founder: Investors should remain cautious in the next eight weeks due to the potential interest rate cuts by the Federal Reserve and the US elections.

Odaily Planet Daily News Fundstrat co-founder and head of research Tom Lee predicts that the stock market will experience some turbulence in the next eight weeks, although he expects the pullback to be an opportunity for investors to buy. Tom Lee said in an interview with CNBC's "SquawkBox Europe" on Tuesday: "I think investors should be cautious in the next eight weeks. However, he continued, "I think people have the opportunity to buy in the next eight weeks. That is to say, caution is good, but be prepared to Buy the Dips." According to CME's "FedWatch" tool, the market prices the probability of a 25 basis point rate cut by the Fed in September at 67%, while others see an opportunity for a 50 basis point cut. (Jinshi)