Just as investor faith in the 2023 market rally starts to wobble, Fundstrat's Tom Lee is back with a new bullish call.
Just as investor faith in the 2023 market rally has started to wobble, Fundstrat’s Tom Lee is back with a new bullish call.
The former JPMorgan Chase & Co. analyst pitched a “tactical buying opportunity” to clients, arguing in a research note that last week’s pullback has created an attractive entry point ahead of Wednesday’s consumer-price index for June, which could send the S&P 500 up 100 points, or about 2.3%, higher if it’s as soft as Lee expects.
Core inflation, according to Lee, could be on track for a 0.2% print for June. That’s a bigger decline than what’s expected by economists polled by The Wall Street Journal. They expect both the core and headline inflation numbers for June to come in at 0.3%. “It would show that the Fed is getting inflation on a monthly basis to levels they are trying to target — I think 0.2 is 2.5% annualized,” he said during an interview on CNBC Monday morning.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Tom Lee says the S&P 500 may rally 100 points on a lighter inflation reading this week'It could be a huge downside surprise,' Lee added.
Leer más »
500-Million-Year-Old Fossil Reveals Ancient Ancestor to Modern-Day TunicatesA 500-million-year-old fossil reveals an ancestor of modern tunicates, shedding light on our evolutionary history. 🦴 Evolution
Leer más »
Ukraine's president hails the country's soldiers to mark 500 days of warUkrainian President Volodymyr Zelenskyy marked the 500th day of war with Russia on Saturday by hailing his country's soldiers in a video from a Black Sea island that became the symbol of Ukraine’s resilience.
Leer más »
Ukraine’s president marks 500 days of warUkrainian President Volodymyr Zelenskyy marked the 500th day of the war Saturday by hailing the country’s soldiers in a video from a Black Sea island that became the symbol of Ukraine’s resilience in the face of the Russian invasion.
Leer más »
Houston ISD’s state-appointed superintendent will cut over 500 jobsMore than 500 positions will be cut from Houston Independent School District’s central office staff. New state-appointed Superintendent Mike Miles said the cuts will be mostly from academics-related departments. via Hou_Landing
Leer más »
Ukraine war reaches the 500-day mark with over 9,000 civilian deathsIn total, the United Nations has recorded 25,170 civilian casualties since the start of the war.
Leer más »