Stocks Will Rally 24% As Falling Inflation Leads to Fed Pivot, Tom Lee Says

Prediction  

"For those who think the Fed's going to crush the market, one thing to keep in mind is that historically that from peak to max drawdowns, when the Fed starts a hike cycle and then pauses, the average drawdown is 18%," he told CNBC's "Squawk on the Street" Friday. "We've already fallen 20%, so we've already discounted a Fed tightening cycle."