The financial markets’ recent wobbles have dominated headlines ahead of the July Consumer Price Index (CPI) report, with the S&P 500 dipping by 0.6% and the Nasdaq Composite witnessing a 1.3% decrease. The Dow Jones and Bitcoin were not far behind, enduring a 0.4% and 0.2% dip, respectively.

Against this seemingly gloomy backdrop, Fundstrat’s Tom Lee offers hope. The analyst projects a significant rebound post the imminent release of the July inflation report.

A Big Bull Rally Ahead

A noteworthy mention, the consensus estimate pegs the Core CPI at a healthy 0.22%. However, contrary to popular opinion, the data science maestros at Fundstrat anticipate a slightly cooler reading, expecting inflation to undershoot to 0.15%.

This translates to an annualized rate of 1.8%, conveniently brushing past the Federal Reserve’s long-standing inflation target of 2%. The deviation is subtle, but its implications are profound.

Read more: How to Protect Yourself From Inflation Using Crypto

Not long ago, Wall Street echoed Lee’s
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Author: Bary Rahma

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