• Sep 16, 2022
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  Fed will be done with hiking early next year - Tom Lee

  
  

  Because inflation has peaked, and will go from 8% today to 4% early next year to 2.5% later next year, according to the bond market, Lee said.

  
  

  That's not changed by the discouragingly high CPI report we just saw. Maybe the level of the hikes will change but not the timeline.
  

  
  

  "When we see markets convinced (2 decade high) inflation is broken, PE is going to go up dramatically." (Maybe this will be seen even in the October CPI).
  

  
  

  Recency bias accounts for the prevailing bearishness.
  

  
  

  With Fedex, taking down expectations might be true for some smaller beta, but PE is going to change dramatically when inflation risk is taken out of equity risk premium, Lee said.
  
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  <div>Fed will be done with hiking early next year - Tom Lee</div><div><br></div><div>Because inflation has peaked, and will go from 8% today to 4% early next year to 2.5% later next year, according to the bond market, Lee said.</div><div><br></div><div>That's not changed by the discouragingly high CPI report we just saw. Maybe the level of the hikes will change but not the timeline. <br></div><div><br></div><div>"When we see markets convinced (2 decade high) inflation is broken, PE is going to go up dramatically." (Maybe this will be seen even in the October CPI). <br></div><div><br></div><div>Recency bias accounts for the prevailing bearishness.<br></div><div><br></div><div>With Fedex, taking down expectations might be true for some smaller beta, but PE is going to change dramatically when inflation risk is taken out of equity risk premium, Lee said. <br></div>

  Fed will be done with hiking early next year - Tom Lee

  
  

  Because inflation has peaked, and will go from 8% today to 4% early next year to 2.5% later next year, according to the bond market, Lee said.

  
  

  That's not changed by the discouragingly high CPI report we just saw. Maybe the level of the hikes will change but not the timeline.
  

  
  

  "When we see markets convinced (2 decade high) inflation is broken, PE is going to go up dramatically." (Maybe this will be seen even in the October CPI).
  

  
  

  Recency bias accounts for the prevailing bearishness.
  

  
  

  With Fedex, taking down expectations might be true for some smaller beta, but PE is going to change dramatically when inflation risk is taken out of equity risk premium, Lee said.
  

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