Tom Lee raises his S&P 500 price target, saying market is 'comfortable with this earnings recession'
's comments at the conclusion of this week's two-day policy meeting didn't spook the market as much as they have in the past. Powell hinted that a rate cut may not be on the horizon, which initially disappointed traders.
"The market is comfortable with this earnings recession, and the Fed has proved its message is much more market-friendly," Lee said in an interview with CNBC's "U.S. stocks were trading higher Friday after a report from the Labor Department showed U.S. job creation wasThe market had been under serious pressure since early October in part on concerns about a trade war and the aggressiveness of the Fed's rate-hike policy.
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