The June CPI report will show a continued drop in inflation, according to Fundstrat's Tom Lee.
Lee expects a soft June CPI report will push the Fed to cut rates more than two times this year.
"It's going to be a week of reckoning, and I mean a reckoning of how people view inflation and the state of the economy."
Lee is also bullish on small-cap stocks, which have badly lagged the broader stock market rally so far this year.
AdvertisementJPMorgan's trading desk also expects a light June CPI report will boost stock prices.
Persons:
Tom Lee, Lee, —, it's, What's, JPMorgan's Andrew Tyler
Organizations:
Service, Federal Reserve, CPI