TOM LEE SAYS MARKETS ARE A COILED SPRING AND HE'S BUYING THE AI DIP
@fundstrat believes falling yields and declining Fed rate hike expectations are creating a bullish setup:
- The 10-year Treasury yield surged from 4.6% to nearly 5.5%, with fears of 6%, but has since fallen sharply
- The probability of an October Fed hike dropped from 55% to 5%, while December hike odds fell from 98% to 67%
- These dovish developments have created what Lee calls a "coiled spring" in markets, reinforcing his decision to buy the AI selloff