Amid Hot Inflation, Markets Holding Steady

Good Evening:

Our research heads engaged in a lively discussion Thursday morning in New York. Here are the highlights:

Tom Lee, Head of Research: The Fed has an optics problem

The other day, Lee noticed something when shopping at the grocery store: prices were lower, and some items were on sale. It underscores his belief that beneath the 41-year-high inflation number, prices are coming down. Food prices are falling, gasoline prices are falling, airfares are falling, commodities are fal...

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