TOM LEE SAYS THIS DIP IS AN OVERREACTION
He thinks falling inflation could quickly turn today’s selloff into a major rally:
- Lee says the economy remains strong enough for earnings revisions to keep moving higher
- He expects core PCE at 3.3% to fall back into the 2% range, which could trigger a positive market reaction
- Cyclicals, tech, consumer discretionary and financials could all rebound sharply if inflation fears prove wrong