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It’s unlikely that the stock market hit its peak following the hotter-than-expected January CPI report, according to Fundstrat.
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The firm said there are too many bullish factors that suggest this is another buy-the-dip type of decline.
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Here’s when investors will really need to be concerned that the stock market has peaked, according to Fundstrat.
The stock market mounted a sharp decline of as much as 2% on Tuesday after the January CPI report revealed hotter-than-expected inflation.
But the sell-off likely represents another buy-the-dip moment for investors, and a short-term top has not yet occurred, according to a Tuesday note from Fundstrat’s Tom Lee.
Lee said the garden variety sell-off is a normal profit-taking event. Long-term investors shouldn’t worry because it was sparked by a bad data print that calls…
