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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation improving will 'lift clouds' and allow markets to do well, says Fundstrat's Tom LeeTom Lee, Fundstrat Global Advisors managing partner and head of research, joins 'Squawk on the Street' to discuss how Lee is digesting the latest earnings results, how labor factors into the inflation picture, and more.
Persons: Tom Lee Tom Lee, Lee Organizations: Fundstrat Global Advisors
The sell-off that battered stocks in April probably won't stretch into May, according to Fundstrat's Tom Lee. AdvertisementThe stock market's sell-off could be over, and five bullish signals the Fed gave at its latest policy meeting are setting the stage for gains in May, according to Fundstrat's head of research Tom Lee. Investors are now pricing in a 69% chance the Fed could rate rates once or twice by the end of the year, according to the CME FedWatch tool. Stock investors have already perked up on a brighter outlook for Fed rate cuts this year. Stocks reacted positively to the Wednesday Fed meeting.
Persons: Tom Lee, Lee, , Powell, presser, Stocks Organizations: Service, Markets, Fed, stagflation, Investors
Cracks might finally be forming in the Federal Reserve's firm hawkish stance, according to Fundstrat Global Advisors' Tom Lee. As investors expected, the Fed kept interest rates unchanged after central bank policymakers had their meeting. "That's not really an inflationary signal, so I think the bar is actually being lowered now for the Fed to cut and I think that's something many people picked up." All in all, Lee thinks there's a "good probability" that interest rates are currently at their peak. If inflation does indeed improve in the next few months and interest rates fall, he has optimistic prospects for stocks.
Persons: Tom Lee, Lee, That's, Jerome Powell, We're, Powell, there's Organizations: Fundstrat Global, Starbucks, Fed, Investors
Wall Street needs a new rhyme for "sell in May and go away." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"Sell in May and go away" is an old Wall Street adage that highlights the fact that the stock market's worst six-month stretch of performance is historically May through October. LPL Financial's chief technical strategist Adam Turnquist highlighted that since 1950, average returns for the S&P 500 during this six-month period are actually positive, not negative, at +1.7%.
Persons: Carson Group's Ryan Detrick, , they're, LPL, Adam Turnquist, Turnquist, Ryan Detrick, Fundstrat's Tom Lee, Lee, Detrick Organizations: Service, Carson Group
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFundstrat's Tom Lee discusses if the market is pricing in a Trump winHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Tom Lee, Brian Sullivan, Organizations: Trump, CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Virtus’ Joe Terranova, Fundstrat’s Tom Lee and Wedbush's Dan IvesVirtus’ Joe Terranova, Fundstrat’s Tom Lee and Wedbush's Dan Ives, join 'Closing Bell' to discuss whether markets have hit a landing, earnings, inflation and the Fed.
Persons: Virtus ’ Joe Terranova, Fundstrat’s Tom Lee, Wedbush's Dan Ives, Joe Terranova Organizations: Virtus ’, Wedbush's Dan Ives Virtus
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStock market's earnings backdrop upholds positive outlook, says Fundstrat's Tom LeeVirtus’ Joe Terranova and Fundstrat’s Tom Lee, join 'Closing Bell' to discuss whether markets have hit a landing, earnings, inflation and the Fed.
Persons: Tom Lee Virtus ’ Joe Terranova, Fundstrat’s Tom Lee
Here's why Thursday's post-GDP sell-off may be overdone
  + stars: | 2024-04-25 | by ( Sarah Min | ) www.cnbc.com   time to read: +4 min
Stocks sold off Thursday aHoweverfter the latest economic data came in weaker than expected, but some observers say that the reaction was overdone. While the headline GDP number missed expectations, it nevertheless showed economic growth the Fed could take in stride, they say. He noted that the core parts of GDP, such as consumption growth and residential growth, were "quite good." "Stagflation is a combination of stagnant growth and high inflation," Nick continued. "I think the earnings backdrop has been very supportive," Lee told CNBC's " Closing Bell " on Thursday.
Persons: Stocks, Dow Jones, Chris Zaccarelli, Brian Nick, Nick, we're, Rob Ginsberg, Ginsberg, Fundstrat's Tom Lee, Lee, CNBC's, Jeff Cox Organizations: Federal Reserve, Independent, Alliance, Dow Jones, Treasury, Macro, Wolfe Research Locations: U.S
The stock market is poised for a short-term bounce, but technical analysts who watch price charts warn that the correction is not yet over. The technician said he anticipates support for stocks — the point at which buyers will reemerge — between 4,700-4,800 in the S & P 500. .SPX YTD mountain S & P 500 To be sure, some observers anticipate a more durable stock market rally, rather than a mere bounce. He anticipates that the S & P 500 could find support down at 4,800 and may not find a true bottom for several weeks. But he anticipates that the selloff will take longer to play out, with a pullback bringing the S & P 500 back to 4,700.
Persons: JC O'Hara, Roth MKM, O'Hara, Tom Lee, Lee, CNBC's, Oppenheimer's Ari Wald, Wald, we've, BTIG's Jonathan Krinsky, Krinsky, Wolfe's Rob Ginsberg Organizations: Stocks, Federal Reserve
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTom Lee: Market is in a good position to rally 'as long as inflation tracks better than expected'Tom Lee, Fundstrat Global Advisors co-founder, joins 'Squawk Box' to discuss the latest market trends ahead of the opening bell on Monday.
Persons: Tom Lee Organizations: Fundstrat Global Advisors
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStocks can continue to outperform even if rates stay high, says Fundstrat's Tom LeeRaghuram Rajan, former governor of India's central bank and professor at University of Chicago Booth School of Business, and Tom Lee, co-founder and head of research at Fundstrat, join CNBC's 'Power Lunch' to discuss the Fed's inflation dilemma, China's economic recovery, and more.
Persons: Tom Lee Raghuram Rajan, Tom Lee Organizations: University of Chicago Booth School of Business Locations: India's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis dip will be bought as there's a lot less leverage in the market, says Fundstrat's Tom LeeTom Lee, Fundstrat Global Advisors managing director, joins 'Squawk on the Street' to discuss if a 'buy the dip' call is more challenging when it involves geopolitics, if Lee's year-end price targets have changed, and more.
Persons: Tom Lee Tom Lee Organizations: Fundstrat Global Advisors
Inflationary pressures may have induced the recent market selloff, but Fundstrat's Tom Lee believes that equities could still end the year higher. The firm's head of research believes that investors may be putting too much weight into the recent economic data releases showing inflation above economists' expectations. Lee believes that even if the Federal Reserve only ends up cutting rates once this year, that could still be conducive for stocks. In fact, Lee believes that the S & P 500 could end the year at 5,700 or "maybe even higher," he said. But he also likes small-cap names ahead of interest rate cuts and finds industrial stocks attractive as the ISM manufacturing report turns higher.
Persons: Tom Lee, Lee Organizations: Federal Reserve
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed can't argue against three hotter-than-expected inflation reports, says Fundstrat's Tom LeeTom Lee, Fundstrat Global Advisors managing director, joins 'Closing Bell' to discuss what changed this week, if the last mile of inflation will be harder than initially thought, and more.
Persons: Tom Lee Tom Lee Organizations: Fundstrat Global Advisors
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 period of downward momentum, Lee noted. "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."
Persons: Tom Lee, Lee
The central bank's current chief, Jerome Powell, is yet to defeat his mythical beast — and Wall Street is getting worried. Powell warned on Wednesday that the Fed's fight against inflation isn't over after annualized price growth accelerated to 3.2% in February. AdvertisementRaising the alarmBank of America analysts have suggested that stubborn inflation could mean the Fed doesn't start cutting rates until March next year. It's no wonder, then, that investors are waiting impatiently for the Fed to cut rates. Fundstrat's famously bullish boss, Tom Lee, proclaimed this week that it's dropping "like a rock" and the first rate cut is still likely to be in June.
Persons: , Paul Volcker, Jerome Powell, Powell, Greenlight Capital's David Einhorn, Einhorn, Greenlight, Dad, Robert Kiyosaki, Gary Shilling, Julia La Roche, We've, Merrill Lynch's, they've, Shilling, It's, Fundstrat's, Tom Lee Organizations: Service, Federal, Business, of America, CNBC, Trust, Wall Street, Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed may cut more than three times this year, says Fundstrat's Tom LeeHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Tom Lee, Brian Sullivan, Organizations: CNBC
The Fed's first rate cut is still on track to come in June, Fundstrat's Tom Lee said. Yet investors are only pricing in a 57% chance of a rate cut by June, per the CME FedWatch tool. AdvertisementThe Fed is still poised to issue its first rate cut in June as the pace of inflation continues to slow, according to Fundstrat's head of research Tom Lee. All that points to a Fed that could be poised to cut rates sooner than markets are expecting, which is good news for stocks. Meanwhile, just 57% of investors are expecting the Fed to issue the first rate cut in June.
Persons: Fundstrat's Tom Lee, , Tom Lee, Lee, That's, Mohamed El Organizations: Service, Fed, University of Michigan's, France —, Traders Locations: France
Fed Chair Jerome Powell also noted that a strong labor market wouldn't deter the central bank from cutting rates. Fundstrat's Tom Lee told CNBC he expects the Russell 2000 to rally 50% . "I think the Russell 2000 represents sort of the best of things to happen when the Fed starts cutting." The small-cap Russell 2000 rose 1.6% this week. The iShares Russell 2000 ETF tracks that index.
Persons: Jerome Powell, Blair Boyer, Boyer, Goldman Sachs, Tom Lee, Russell, , Lee Organizations: Dow Jones, Nasdaq, Federal Reserve, Dow, CNBC, Nvidia, Microsoft, Devices, Visa, Blackwell, JPMorgan, NVIDIA, Fed, GE Vernova, New York Stock Exchange, GE Locations: Jennison
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Fundstrat's Tom Lee and HSBC's Jose RascoTom Lee, Fundstrat co-founder, and Jose Rasco, HSBC Private Bank chief investment officer, join 'Closing Bell Overtime' to talk the day's market action.
Persons: Fundstrat's Tom Lee, HSBC's Jose Rasco Tom Lee, Fundstrat, Jose Rasco Organizations: HSBC Private Bank
NASDAQ closes out week at record high
  + stars: | 2024-03-22 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNASDAQ closes out week at record highTom Lee, Fundstrat co-founder, and Jose Rasco, HSBC Private Bank chief investment officer, join 'Closing Bell Overtime' to talk the day's market action.
Persons: Tom Lee, Fundstrat, Jose Rasco Organizations: NASDAQ, HSBC Private Bank
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed rate cuts will be a tailwind for small caps, says Fundstrat's Tom LeeTom Lee, Fundstrat Global Advisors managing partner and head of research, joins 'Closing Bell' to discuss buying the dip and making the bull case for small caps.
Persons: Tom Lee Tom Lee Organizations: Fundstrat Global Advisors
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets rallying after hot CPI print is a good sign, says Fundstrat's Tom LeeTom Lee, Fundstrat Global Advisors managing partner and head of research, joins 'Squawk on the Street' to discuss the current market environment, any tactically treacherous market territory, and if there's a little bit of a bubble in equity markets.
Persons: Tom Lee Tom Lee Organizations: Fundstrat Global Advisors
Fundstrat's Tom Lee sees opportunities in small-caps this year
  + stars: | 2024-03-08 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFundstrat's Tom Lee sees opportunities in small-caps this yearTom Lee, Fundstrat Global Advisors managing partner and head of research, joins 'The Exchange' to discuss where the markets could be heading, how to position, and more.
Persons: Tom Lee Organizations: Fundstrat Global Advisors
Corporate greed drove inflation higher in January, according to Fundstrat's Tom Lee. AdvertisementCorporate greed is the reason why inflation was hotter than expected to start the year, according to Fundstrat's head of research Tom Lee. Speaking to CNBC on Friday, Lee pointed to the slight uptick in January consumer inflation, with prices rising 3.1% year-over-year. That suggests the hotter-than-expected inflation reading to start 2024 was likely due to corporate "greedflation," or simply, businesses hiking prices because they're able to. Advertisement"The arching reality is that inflation is falling ... A lot of companies raise prices in the month of January and it doesn't get captured," Lee said.
Persons: Tom Lee, Lee, , doesn't Organizations: Service, CNBC, Federal Reserve
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