Tom Lee

The all-important consumer price inflation report for June is due Thursday and a bullish market strategist said the data point will likely be a “reckoning of how people view inflation and the state of the economy.” Inflation Falling: The June CPI report will show that inflation is...

Tom Lee, the managing partner and head of research at Fundstrat Global Advisors, stuck to his earlier prediction that Bitcoin (CRYPTO: BTC) may hit $150,000 later this year. What Happened: In an interaction on CNBC, Lee was asked about his bold prognosis from March, despite the King Crypto’s...

The two-day rally the broader market witnessed could stall, as traders choose to remain cautious ahead of a string of economic catalysts. The negative reaction to Micron Technology, Inc.‘s (NASDAQ:MU) earnings could generate weakness in the tech space. AI stalwart Nvidia Corp.’s (NASDAQ...

Tom Lee, the managing partner and head of research at Fundstrat Global Advisors, shared his bullish prediction for the S&P 500, foreseeing it reaching 15,000 by 2030 riding the AI wave. What Happened: Lee’s forecast is based on the emergence of a new cycle in the stock market, where...

U.S. stocks are poised to start Monday’s session in the red as traders brace for the all-important decision from the Federal Reserve’s monetary policy committee on Wednesday and the May inflation report ahead of the rate decision. Although the futures market has factored in a Fed pause...

U.S. stocks are gearing up for a cautiously optimistic start on Wednesday after a late-session recovery led to a positive close in the previous session. Labor market data and service sector activity reading could set the tempo for the day’s trading direction. A soft private payroll number...

U.S. stocks are poised to open lower on Wednesday following the boost from the tech rally in the previous session. The spotlight will likely be on bond yields, which have climbed in recent sessions on hopes of a “higher-for-longer” monetary policy stance. Traders may also draw clues...

The global labor shortage, estimated to reach 80 million workers by 2030, is expected to significantly boost technology stocks, according to Tom Lee, the head of research at Fundstrat Global Advisors. What Happened: Lee predicts that the technology sector’s share of the S&P 500 will...

Early Tuesday futures trading suggested a pause after the tech-driven rally of the previous session. Global cues were negative, with Asian markets retreating and European markets opening lower. Commodities dipped, and bond yields remained flat. Traders may be cautious until Nvidia...

The stock market has returned to its winning ways, with the major indices seeing a big lift following a tame inflation report released last week. The continuation of the rally hinges on Nvidia Corp.’s (NASDAQ:NVDA) first-quarter results due on Wednesday. On Friday, a strategist weighed on how...

U.S. stock futures were flat Wednesday morning as investors awaited a crucial report on consumer prices. The Consumer Price Index (CPI) for April is expected to significantly impact market direction due to its influence on Federal Reserve interest rates. Currently, the futures market predicts a...

U.S. stocks are on track to finish the week on a high, with the index futures pointing to a higher opening on Friday. The recent string of weak data has given raise to hopes that the Federal Reserve may have to relent and take rates lower. A few Federal Reserve speeches scheduled for the day will...

Tom Lee, the head of research at Fundstrat, has advised investors to consider purchasing stocks this month, citing a forthcoming significant decline in inflation. What Happened: Lee highlighted that the recent inflation figures for March have been higher than expected for the third consecutive...

The traditional Wall Street adage “sell in May and go away” may not hold water this year, as analysts debunk the myth with strong evidence of positive stock market performance during the historically weak May-October period. What Happened: The six-month period from May to October is...

U.S. stocks are looking to build on past week’s gains, with the mood remaining cautiously optimistic. The major index futures were modestly higher in early trading. Given the strong gains in the past week, it wouldn’t come as a surprise if traders choose to take some profits,...