"Inflation Drop Fuels S&P 500 Rally in Stock Market Outlook"

Fundstrat has issued a tactical buy recommendation on the S&P 500, expecting a 2% rally this week that could push the index past 4,500. The main catalyst for the expected surge is lower-than-expected inflation, with the June CPI report anticipated to show a deceleration. Fundstrat's Tom Lee believes that a low inflation reading would be bullish for the stock market, undermining the view of a "hawkish Fed" and potentially shattering the bear market thesis. The tactical buy recommendation is in place until July 14.