Markets Troubled by Inflation Data, End Weekly Win Streak
Feb 16, 2024
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“I am not ready to back away from my views.” ~ Alexei Navalny (1976 - 2024)
Good evening,
The primary macroeconomic event impacting markets this week was the release of the latest Consumer Price Index (CPI) reading. As we began the week, Fundstrat Head of Research Tom Lee told us that, anecdotally, based on his conversations with clients, RIAs, and investors at various industry events, uncertainty seems to be pervasive.
He highlighted two common perspectives: “nervous bulls” who realized gains during the present 15-week rally, and “angry bears” who are unhappy with ...