Fundstrat’s Tom Lee Predicts Major Stock Market Surge, Says Fed Has Gained ‘More Ammunition’

Description

Prominent analyst and Fundstrat managing partner Tom Lee believes the US stock market is gearing up for another huge upside burst. In a new CNBC interview, Lee says conditions are now ripe for the Federal Reserve to start cutting rates after the Bureau of Labor Statistics (BLS) revised down the job growth figures for June from 147,000 to 14,000. “I think the data is just catching up to what we already know. The labor market has been soft, so I think it’s a positive setup because now the Fed has ...