Stock market analyst predicts delayed rally to resume in April

Tom Lee, a top Wall Street analyst, told CNBC on Monday that he expects stocks to rise strongly through April. The S&P 500 index closed at a record 4,077.91 that day, up 1.4 percent. Lee said the rally will likely surprise many large investors, who have been cautious this year. These institutions have kept around $200 billion in cash instead of investing it. They have also been selling technology stocks and starting to buy shares in sectors that suffered badly during the pandemic. Lee believes that if institutions move their cash into these cheaper sectors, prices could rise sharply. He warned, though, that after a big rally, trading often becomes unsteady and unpredictable.