Tom Lee: SpaceX's century IPO is the culprit behind the weakness in U.S. stocks; after listing, it is expected to drive the market recovery.

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Odaily Planet Daily News: Known as the "Wall Street Fortune Teller," Fundstrat partner and research director Tom Lee stated in a client report released on Tuesday that SpaceX is about to go public, becoming the main catalyst for recent volatility in the U.S. stock market.

Tom Lee analyzed that the core logic behind the current weakness in U.S. stocks is very clear: to participate in this major IPO, market participants are actively selling their existing stocks and gathering cash, with the capital flow diversion effect continuing to ferment. However, he also believes that once SpaceX's debut performance is impressive, market risk appetite will rebound, thereby driving the recovery of other stocks. This round of SpaceX IPO has been highly popular in the market, with the oversubscription scale continuing to rise. According to Fundstrat statistics, the subscription multiple for this issuance has reached 4 times. Based on market trend projections, by this Friday's official listing, the oversubscription ratio is expected to climb to 10 times.

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