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Strategies & Market Trends : Humble1 and Swing Trading Friends

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From: humble15/15/2024 8:47:57 AM
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rdkflorida2
Sonali

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Bullish CPI. Rates dropping.

Signs that inflation is easing in other respects – including housing and auto insurance – could be a good omen for markets from here and the Fed’s policy, according to Fundstrat Global Advisors’ Tom Lee.

“It’s going to make it clear to markets that … inflation is now normalizing, the economy is in good shape, and rates are so restrictive the Fed actually needs to cut rates,” the head of research said on CNBC’s “ Closing Bell” on Tuesday. “That’s actually quite good for stocks. If it’s a pause, it’s good for stocks. If it’s a cut, I think it’s even better.”
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