Investors should buy stocks ahead of next week's release of the April CPI report, according to Fundstrat's Tom Lee.
An in-line CPI report or better would increase the chances of three interest rate cuts this year, Lee said.
AdvertisementInvestors should buy stocks ahead of next week's release of the April CPI report, according to Fundstrat's Tom Lee.
Sweden's Riskbank cut interest rates for the first time since 2016 on Wednesday, and the Bank of England signaled that interest rate cuts are imminent.
And next week, we expect incoming data to show overall softening of the key components of inflation," Lee said.
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Tom Lee, Lee, —
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Service, Federal Reserve, Bank of England