Buy stocks in May because inflation is set to plunge through the rest of 2024, Fundstrat's Tom Lee says

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• The stock market presents a buying opportunity this month, according to Fundstrat's Tom Lee.
• That's because inflation is set to fall "dramatically" through the rest of the year, Lee predicted.
• He pointed to lags in the CPI index, with real-time prices in the economy starting to ease.

Investors should be buying stocks this month, as inflation is bound for a steep decline for the rest of the year, according to Fundstrat's head of research Tom Lee.