In response to Federal Reserve Chair Jerome Powell‘s recent remarks that stock prices appear “fairly highly valued,” Fundstrat’s Head of Research, Tom Lee, offered a swift counter-narrative, urging investors not to interpret the comments as a warning sign.
Lee Cautions Against Powell’s Language
Lee contextualized Powell’s statement, suggesting that such cautious language is typical of the central bank and not a cause for alarm.
Reacting on the social media platform X, Lee downplayed the significance of the Chair’s assessment.
He posed a rhetorical question to his followers: “When was the last time the Fed ever said stocks are ‘attractively priced’? (Hint: never)”.
Lee’s point was that the central bank historically avoids making overtly bullish statements on asset prices, and therefore, Powell’s observation should be considered standard procedure rather than a new, bearish outlook.
Full story available on Benzinga.com
In response to Federal Reserve Chair Jerome Powell‘s recent remarks that stock prices appear “fairly highly valued,” Fundstrat’s Head of Research, Tom Lee, offered a swift counter-narrative, urging investors not to interpret the comments as a warning sign.
Lee Cautions Against Powell’s Language
Lee contextualized Powell’s statement, suggesting that such cautious language is typical of the central bank and not a cause for alarm.
Reacting on the social media platform X, Lee downplayed the significance of the Chair’s assessment.
He posed a rhetorical question to his followers: “When was the last time the Fed ever said stocks are ‘attractively priced’? (Hint: never)”.
Lee’s point was that the central bank historically avoids making overtly bullish statements on asset prices, and therefore, Powell’s observation should be considered standard procedure rather than a new, bearish outlook.
Full story available on Benzinga.com
In response to Federal Reserve Chair Jerome Powell‘s recent remarks that stock prices appear “fairly highly valued,” Fundstrat’s Head of Research, Tom Lee, offered a swift counter-narrative, urging investors not to interpret the comments as a warning sign.
Lee Cautions Against Powell’s Language
Lee contextualized Powell’s statement, suggesting that such cautious language is typical of the central bank and not a cause for alarm.
Reacting on the social media platform X, Lee downplayed the significance of the Chair’s assessment.
He posed a rhetorical question to his followers: “When was the last time the Fed ever said stocks are ‘attractively priced’? (Hint: never)”.
Lee’s point was that the central bank historically avoids making overtly bullish statements on asset prices, and therefore, Powell’s observation should be considered standard procedure rather than a new, bearish outlook.
Fed Chair Powell spoke at a conference today and this one comment unnerved some investorsPowell:”I think if you look at some prices, then they’re elevated relative to historical levels…we’re not …Full story available on Benzinga.com Read MoreAnalyst Color, Equities, Macro Economic Events, Macro Notification, Market Summary, News, QQQ, SPY, Broad U.S. Equity ETFs, Futures, Econ #s, Economics, Federal Reserve, Markets, Analyst Ratings, ETFs, General, SPY, US78462F1030, QQQ, US73935A1043, Macro Notification, News, Analyst Color, Equities, Macro Economic Events, Market Summary, Broad U.S. Equity ETFs, Futures, Econ #s, Economics, Federal Reserve, Markets, Analyst Ratings, ETFs, General, Benzinga Markets
