Stocks headed for red-hot gains, mirroring rebound in 2009: Fundstrat

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History shows the stock market is headed for red-hot gains in the next 2 months as equities mirror the moves of the last financial crisis, Fundstrat says

But stocks are still set to post strong gains, according to Lee. Inflation has been falling from its highs of last year, and while the yield curve is flashing a warning for an imminent recession, that's mostly because inflation is expected to be higher in the following years, despite still being on the downtrend, he said. weighed stocks down 20% last year

. Though some investors are pricing in a 50-basis-point rate hike in March, Lee predicted the Fed would raise rates by just 25 basis points. A smaller rate hike is dovish by comparison, which could jump start a hot rally over the next eight weeks. His forecast is supported by the strong rally the S&P 500 saw over the first five days of the year. In the past seven occasions since 1950, a strong first week has led to an average gain of 6.8% over March and April, Lee said, adding that February was likely a minor setback in the overall uptrend.

"Median gain of March and April are the strongest," Lee said."Hence, we think the next 8 weeks is a period of 'buy the dip.'

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Inflation is not yet slowing. The latest inflation indicators suggest we are not out of the woods yet.

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