Stocks face a "make or break" moment this week and could rally to 4,750, Fundstrat said. That's because the Fed could soon issue its last rate hike, which is expected to be bullish for stocks. A Fed pause could be a "make or break" moment for stocks, Lee said, as steep rate hikes weighed heavily on equities in 2022. AdvertisementThat's largely because easing inflation indicators could pressure the Fed to hold back on its hawkish monetary policy, Lee said. He has been bullish on stocks through much of the bear market, previously predicting that the S&P 500 would hit another all-time-high in 2022, the year the benchmark index actually sank 20%.

Source: Economic Times May 02, 2023 04:01 UTC