Tom Lee: It is expected that inflation data will decline in the future, and the cryptocurrency bull market and new stock market highs are reflecting loose financial conditions in advance BlockBeats News, October 5th, Tom Lee said in an interview with CNBC, "I think before last week's employment report was released, the market had been trading in the 'most hawkish Fed' scenario, expecting three rate hikes, including a 75% probability of a rate hike in October. However, the final employment report was soft. Two weeks later, we will receive the September inflation report. In our opinion, we believe that some one-time factors are fading, so I think the inflation data for the next six months will be soft. This not only allows the Fed to retreat from its hawkish stance, but I also think it will make bond yields really normalize because the uncertainty of inflation is beginning to ease. And I think there are many clues because technology stocks have hit new highs and cryptocurrencies are performing so well. It is impossible to perform so well under tight monetary conditions. So I think they are reflecting in advance more relaxed financial conditions in the future. [Original link]