Us stocks fell sharply on Monday, but beforeJPMorgan Chase & CoTom Lee, chief equity strategist and co-founder of Fundstrat Global Advisors, believes investors should not stop looking for buying opportunities because of the recent market turmoil.

Lee said on Monday that despite recent fluctuations, the long-term bull market outlook for the stock market remained intact.

"I think this will prove to be a very good buying opportunity," he said, noting that US bond yields were "tame" and that the VIX index, known as the Wall Street panic index, was relatively low.

He added: "We are at a stage where everyone only sees darkness and downside, and this is usually when you want to increase the risk."

Asked about his long-term outlook for the market, Lee believes that increasingly wealthy "millennials" will inherit $2,000bn a year and they will continue to push the stock market to new heights.

"over the next 20 years, millennials will inherit nearly $70 trillion," he said. This is a good combination for risky assets, especially stocks and cryptocurrencies. Because millennials usually buy subversive assets and are not very interested in bonds. "

In a note to clients on Monday, Lee added that his fund's "core view remains that the stock market will rise this month", noting that the rise in Treasury yields and crude oil prices over the past week heralded a reflationary environment.

"this implies that we should take a more optimistic view of the upcoming economic data," he said. "