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- There's an under-the-radar market signal that suggests industrial stocks are about to soar.
- Fundstrat highlighted that credit default swaps tied to the sector have been outperforming the broader market.
- "This is a sign that credit investors see relatively decreasing risks in Industrials," Fundstrat's Tom Lee said.
Industrial stocks could be on the verge of a big move higher based on an under-the-radar market signal, according to Fundstrat's Tom Lee.
In a Wednesday note, he highlighted to clients that credit default swaps tied to the industrial sector have been outperforming the broader CDS market considerably since September.