Part 6/8:
Lee commented on the increasing weakness in sectors like housing, which has been a key driver of inflation over the past few years. He predicted that declining housing values could create a deflationary pulse, prompting the Federal Reserve to adopt a more dovish stance, which he believes would be bullish for equities in 2024.
When asked about potential rate cuts, Lee clarified his position, suggesting that while the Fed may not take action this year, cuts are a strong possibility in the near future, creating fertile ground for a market upswing.