Renewal

Weak economic data is 'ironically positive' for the stock market, Fundstrat says

10 days ago   |   By Business Insider

Drew Angerer/Getty Images
A roll-over in economic data is "ironically positive" for the stock market, Fundstrat's Tom Lee said in a note on Wednesday. Over the past few weeks, retail sales and consumer spending data have missed expectations. But as the economic recovery stalls amid a surge in daily COVID-19 cases, pressure only increases for Congress to pass more stimulus and for the Fed to remain dovish, two positive implications for the stock market, Lee said. Visit Business Insider's homepage for more stories. A roll-over in economic data is not as bad for the stock market as some...
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