Part 4/5:
The Wall Street Journal has suggested that a "melt-up" could be in the cards, given the Trump trade that has been going on for a while. Do you think this is just getting started, or is there more than an eight-week rally in your view?
Tom Lee: I think the markets are course-correcting now, with the potential for cuts to healthcare and industrials under the new administration. Investors can focus more on deregulation and sectors like small caps and financials.
Regarding healthcare, there are concerns about the safety of certain treatments and the dominance of healthcare spending in advertising. This could be a tough period for visibility in the healthcare sector.