Stock market outlook: 3 indicators say 30% S&P 500 rally not stretched

Tom Lee acknowledged that a typical 5% pullback is possible, he argued in a Friday note that any such decline would be a buyable dip and that the stock market isn't as stretched as some think.

Those catalysts include the upcoming Federal Reserve meeting on July 26, which could see the last rate hike of this cycle. Additionally, Lee is looking to the July 28 release of personal consumption expenditures price data, which should mirrorFinally, Lee expects the July CPI report, scheduled to be released on August 10, to show continued disinflationary pressures.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: Dow threatens to snap 9-day winning streak as S&P 500, Nasdaq gainMarketWatch Live: Blue-chip Dow looks to build on longest win streak since 2017
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock market outlook: Deflation to hit earnings, stock pricesDisinflation will shift to deflation, hitting earnings and sending stocks lower, Morgan Stanley CIO says
Source: BusinessInsider - 🏆 729. / 51 Read more »

S\u0026P 500 Forex Signal: Hovers at Top of Range Amid EarningsDuring Wednesday's trading session, the S&P 500 exhibited limited movement as market participants awaited major earnings calls from a range of prominent companies- Forex Forecast
Source: Daily_Forex - 🏆 567. / 51 Read more »