Tom Lee: 9 month rally "is the start of a new bull market"

In our view, the stock market bottomed October 12, 2022, and the rise over the past nine months is the start of a new bull market.  We have had a huge decline in inflation, and the inflation war is the war the Fed is waging and seemingly winning.

[...]

If inflation is cooling, and therefore people become more confident that two rate hikes are the most, or maybe there’s not even two hikes, then I think it’s going to ease financial conditions, so interest rates and bond-market volatility should be diminishing

~ Tom Lee, "He called the 2023 stock-market rally. Here’s what Wall Street’s biggest bull sees for the second half.," MarketWatch, July 6, 2023