Funstrat’s Tom Lee told Business Insider that last week’s volatility and selloff could be induced because of investors raising funds to pay their tax bill.

Markets sold off in the holiday shortened week of April 11 – April 14. The happens to be around tax day which is Monday April 18th and Tom Lee thinks that swing in the market is temporary. The headlines reigned as inflation, rate hikes, and the war in Ukraine continue to weigh on investor’s minds. However considering the timing that this selloff coincided with tax bills, Tom Lee could be right and this could be buy the dip moment.