Reported 3 months ago
Fundstrat analyst Tom Lee forecasts a 5% surge in the stock market within the next week, driven by a dovish tone from the Federal Reserve's upcoming FOMC meeting. While the Fed is not expected to cut interest rates this week, indications for a possible cut in September could prompt significant gains, particularly for the S&P 500, which he estimates could rise by 200-300 points. Historical data supports this prediction, showing consistent rallies following similar Fed meetings.
Source: YAHOO