In the wake of a market sell-off triggered by the inflation report, investors are being urged to buy stocks, with Fundstrat suggesting a potential June rate cut is still on the table.
What Happened: Fundstrat’s Tom Lee has advised investors to take advantage of the market downturn following the inflation-induced sell-off, as reported by Business Insider. Lee interprets the March CPI report as a sign of ongoing disinflation, making the market dip a buyable event.
“Believe it or not, this was actually a very good CPI report. And I think that’s why the stocks, which sold off today, will ultimately get bought,” Lee said in a video to clients on Wednesday.
Lee pointed out that the primary cause of inflation in March was an increase in auto insurance prices, a residual effect of the pandemic-induced surge in auto prices. He stated, “This hotter CPI number was due to auto insurance, almost solely. So, it just tells you that this is a timing issue, it’s not structural.”
Despite dwindling probabilities, Lee still believes …
Full story available on Benzinga.com
In the wake of a market sell-off triggered by the inflation report, investors are being urged to buy stocks, with Fundstrat suggesting a potential June rate cut is still on the table.
What Happened: Fundstrat’s Tom Lee has advised investors to take advantage of the market downturn following the inflation-induced sell-off, as reported by Business Insider. Lee interprets the March CPI report as a sign of ongoing disinflation, making the market dip a buyable event.
“Believe it or not, this was actually a very good CPI report. And I think that’s why the stocks, which sold off today, will ultimately get bought,” Lee said in a video to clients on Wednesday.
Lee pointed out that the primary cause of inflation in March was an increase in auto insurance prices, a residual effect of the pandemic-induced surge in auto prices. He stated, “This hotter CPI number was due to auto insurance, almost solely. So, it just tells you that this is a timing issue, it’s not structural.”
Despite dwindling probabilities, Lee still believes …
Full story available on Benzinga.com
In the wake of a market sell-off triggered by the inflation report, investors are being urged to buy stocks, with Fundstrat suggesting a potential June rate cut is still on the table.
What Happened: Fundstrat’s Tom Lee has advised investors to take advantage of the market downturn following the inflation-induced sell-off, as reported by Business Insider. Lee interprets the March CPI report as a sign of ongoing disinflation, making the market dip a buyable event.
“Believe it or not, this was actually a very good CPI report. And I think that’s why the stocks, which sold off today, will ultimately get bought,” Lee said in a video to clients on Wednesday.
Lee pointed out that the primary cause of inflation in March was an increase in auto insurance prices, a residual effect of the pandemic-induced surge in auto prices. He stated, “This hotter CPI number was due to auto insurance, almost solely. So, it just tells you that this is a timing issue, it’s not structural.”
Despite dwindling probabilities, Lee still believes …Full story available on Benzinga.com Read MoreAnalyst Color, CPI, Equities, Fundstrat, Inflation, Kaustubh Bagalkote, News, Tom Lee, Economics, Markets, News, Analyst Color, Equities, Economics, Markets, Benzinga Markets
