That's because inflation is set to fall "dramatically" through the rest of the year, Lee predicted.
AdvertisementInvestors should be buying stocks this month, as inflation is bound for a steep decline for the rest of the year, according to Fundstrat's head of research Tom Lee.
Real-time price declines will eventually catch up with the official inflation report.
High rates risk tipping the economy into a recession and sparking market volatility, as investors, banks, and consumers grapple with a higher cost of borrowing.
It is quite high, and as you know, it's putting a lot of pressure on regional banking ... the cost of money is quite high," Lee said.
Persons:
Tom Lee, Lee, —, That's, it'll
Organizations:
Service, CNBC