Stocks rallied on January 15, following an encouraging consumer price index (CPI) report that indicated a slowdown in core inflation and strong earnings from major U.S. banks. The Bureau of Labor Statistics reported that core inflation, which excludes food and energy, rose 3.2% in December, down from the previous month and slightly below the 3.3% forecast by economists surveyed by Dow Jones. Headline inflation increased 2.9% over the past year, matching expectations.
In an interview on January 16, Tom Lee, Managing Partner at Fundstrat provided his outlook on the current market dynamics...
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