Powell cited "disinflation" 13 times in Feb FOMC presser (0 in Dec). Fed moved forward goal post = strengthening case >20% gain in 2023.

We publish on a 3-day a week schedule:

Monday
SKIP TUESDAY
Wednesday
SKIP THURSDAY
SKIP FRIDAY --> moved up one day this week

Investors were expecting a hawkish Fed post-Feb FOMC and instead equities rallied >1%

Going into this Fed decision day, investors told us anyone "rational" expects the Fed to come out hawkish, particularly given how much financial conditions eased since October:

Equities were under selling pressure early in the session falling as much as 1% and then sinking...

Finish reading this report for free

Enter your email and we’ll send the paywall-free link directly to your inbox

In addition to your unlocked report, you will receive our weekly market newsletter FSI Snapshot, as well as occasional updates and offers from FS Insight. You can unsubscribe at any time. For more information, see our privacy policy.

Get unlimited access to Tom Lee’s Fundstrat research Subscribe
Already a member? Log in

More from the author

Disclosures (show)

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In

Trending tickers in our research

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In