Home News Buy Stocks in May Because Inflation is Set to Plunge Through the...

Buy Stocks in May Because Inflation is Set to Plunge Through the Rest of 2024, Fundstrat’s Tom Lee Says

May 7, 2024

The stock market presents a buying opportunity this month, according to Fundstrat’s Tom Lee.

by Jennifer Sor
Yahoo! Finance, Canada

Investors should be buying stocks this month, as inflation is bound for a steep decline for the rest of the year, according to Fundstrat’s head of research Tom Lee.

Speaking to CNBC on Monday, Lee pointed to March inflation numbers, with prices clocking in hotter-than-expected for the third month straight in March.

But elevated inflation readings have been largely due to lags in the official statistics, Lee argued. Real-time home and rent prices, for instance, are “stabilizing,” though shelter inflation rose 5.7% year-per-year in the official March report, he noted.

Continue Reading at Yahoo.com…

© 2024 Inflation Café

Inflation Café (IC) content is informational only and based on information available at the time of creation. It is not an offer or solicitation, nor does it provide investment, tax, or legal advice. It may not consider your specific financial circumstances or objectives and may not be suitable for you. IC content is not a recommendation to buy or sell any securities. Readers should consult their own professional advisers and conduct their own independent investigations before making any investment decisions. IC does not guarantee the accuracy or completeness of its content or any third-party information it uses, which has not been independently verified by IC. Readers are cautioned not to rely solely on IC content for investment decisions.

IC and its owner may have financial interests in the companies discussed and may trade such securities without prior notice. IC is funded by sponsor advertisements, with payments ranging from five to ten thousand dollars monthly. IC does not charge its viewers/listeners/readers any fees. By accessing IC content, users agree that IC and its affiliates are not liable for any inaccuracies, omissions, or representations in the content provided.