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Investors should take advantage of the inflation-induced market sell-off and buy stocks, according to Fundstrat.
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Fundstrat’s Tom Lee said there was real progress made in the March CPI report, suggesting that disinflation will continue.
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Lee also sees a strong possibility of a Fed interest rate cut in June despite declining probabilities.
Investors should immediately buy the stock market decline that was induced by a hot March CPI report on Wednesday, according to Fundstrat’s Tom Lee.
Lee said that when you dive deep into the inflation report, which came in above economist expectations by a hair, it shows continued disinflation progress. That suggests to Lee that the stock market decline is another buyable dip, like it was after the December, January, and February CPI reports.
“Would you believe that this was…
