Early trade in futures suggest stocks may finish the week very close to where they started. Bulls may be frustrated, but they should take it as a win.
And here to offer further comfort is Fundstrat’s head of research, Tom Lee. He says the market is ready for a strong eight week rally, a scenario that may catch out many investors because they remain nervous about “the understandable lack of clarity on inflation trajectory, Fed policy path, earnings risk and general heightened concerns about recession.”Better inflation news. He reckons the last of the ‘hot’ inflation data was the fourth quarter unit labor cost numbers that came in up 3.2%.
Falling VIX. “If the incoming data tilts the way we expect , then bond volatility should fall, which supports a stock rally in March to April. This means VIX could fall, and a falling VIX is supportive of higher equity prices.”The market is NOT expensive. Arguing that stocks in general are overvalued is, Lee believes, the confirmation bias of bears waiting out on the sidelines.
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I could live with this.
Hahaha Yeah okay.. not going back into that BS
Brilliant news. Another 8 weeks to sell my stocks
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