Stocks could see double-digit gains in 2023, as these 3 factors show the Fed has already succeeded in taming inflation, Fundstrat says

Jan 4 2023 by Business Insider

 
Tom Lee

Bloomberg TV

The Fed has already tamed inflation, and that could set stocks up for a blistering rally in 2023, according to Fundstrat's Tom Lee. He predicted a double-digit gain in the S&P 500, pointing to various cooling inflation indicators. Estimates for core prices indicate "Fed 'mission accomplished' as inflation is running at 2%," Lee said.

Stocks could see double-digit gains in 2023, as three indicators that show the Federal Reserve has already succeeded in taming inflation,...

Continue Reading Stocks could see double-digit gains in 2023, as these 3 factors show the Fed has already succeeded in taming inflation, Fundstrat says