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There are five reasons stocks will rally after the Federal Reserve’s rate decision, Fundstrat’s Tom Lee says.
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The S&P 500 is “soft” going into the FOMC meeting, which usually indicates a rally to follow.
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Skepticism toward stocks and expectations for a hawkish Fed are reasons more gains may be coming.
Stocks are likely to rally after the Federal Reserve delivers its update on monetary policy on Wednesday, one of Wall Street’s biggest bulls says.
Fundstrat’s Tom Lee, a strategist who nailed his bullish call for 2023, says that there are five reasons he thinks there’s still “gas in the tank” for a rally and that investors should stick with the trades that are already working — artificial intelligence, Ozempic-related stocks, financials and industrials, bitcoin and proxies, and small-caps.
First, he notes that the S&P 500 is “soft” going into the FOMC meeting, and four…
