Stocks Continue May Rally After CPI, PPI

“You only go around once, but if you play your cards right, once is enough.” ~Frank Sinatra

Good evening,

When stocks rose the week of May 6-10 despite a dearth of macroeconomic data being released, Fundstrat Head of Research Tom Lee saw this as a sign that investors had de-risked to such an extent in April that they now needed to re-risk. Lee further argued that, once they resumed, macroeconomic data releases would serve as a catalyst for further gains in stocks.

This week, the Na...

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