Diamond Member Pelican Press 0 Posted April 8 Diamond Member Share Posted April 8 Expect stocks to rally after this week’s CPI report, Fundstrat’s Lee says Wednesday’s March consumer price index report could play a pivotal role in the next stage of the stock market rally, according to Fundstrat’s Tom Lee. “Bottom line: We see probabilities favoring a rally in stocks post-March CPI report,” the head or research wrote in a note to clients Sunday. Recent data trending above expectations and higher oil prices have fueled worries on Wall Street that inflation is reaccelerating after a ******* of downward momentum, Lee noted. But the March inflation print should represent the first solid reading of the new year, given that January inflation numbers typically struggle with poor seasonal adjustments, made worse by “the pandemic and subsequent wild goods prices swings,” while February is distorted by “residual seasonality issues – meaning, price increases in January spill into February,” Lee wrote. “Thus, March is first clean CPI print of 2024,” he said. “Or rather, we view the March CPI report as more representative of the actual trend in inflation.” This is the hidden content, please Sign In or Sign Up Investment strategy,Stock markets,Prices,business news #Expect #stocks #rally #weeks #CPI #report #Fundstrats #Lee This is the hidden content, please Sign In or Sign Up Link to comment https://hopzone.eu/forums/topic/12428-expect-stocks-to-rally-after-this-week%E2%80%99s-cpi-report-fundstrat%E2%80%99s-lee-says/ Share on other sites More sharing options...
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