Ahead of the Consumer Price Index (CPI) report due later on Sept. 11, Bitmine Chairman Tom Lee repeated his bullish view on September markets. The CPI print is widely seen by the market as one of the most important signals before the Federal Reserve’s upcoming rate decision. Lee had said in an earlier CNBC interview at the start of September that he was positive on U.S. equities for the month. He argued that as employment data, CPI numbers and the Fed’s rate decision come out in sequence, investor concerns about inflation could ease. Lee also said investor positioning remains cautious, creating what he described as a classic “wall of worry,” a setup that has historically coincided with buying opportunities.
Before the release of the Consumer Price Index report on Sept. 11, Bitmine Chairman Tom Lee reiterated his bullish view on September markets.
The market is treating the CPI print due later in the day as one of the most important signals ahead of the Federal Reserve’s upcoming rate decision. In an earlier interview with CNBC at the beginning of September, Lee said he was optimistic about U.S. stocks for the month.
He said that as employment data, CPI readings and the Fed’s rate decision are released in sequence, concerns about inflation could cool. Lee also said investors remain cautious, creating what he called a classic “wall of worry,” a setup that has historically been a buying opportunity.
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