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With strong earnings reports from the FANG stocks on Thursday, coupled with the ongoing reopening of the US economy, earnings visibility is set to increase. That will help drive the stock market to new all-time highs later this year, according to Fundstrat’s Tom Lee. In an interview on Friday with CNBC’s Scott Wapner, Lee said that many investors are ignoring an upcoming binary event that has a high probability of success: a breakthrough in the development of a treatment or vaccine for COVID-19. Lee said investors should have exposure to sectors that were hardest hit by the COVID-19 pandemic, because “in a world where there’s a vaccine or cure, they’ve got defendable businesses.” Visit Business Insider’s homepage for more stories.

Investors should

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