Video: Macro Minute: Equities finally stage upside breakout on "bad news" = 2025 proving stocks remain resilient and resistant (so far) to large sell-off.

In this Macro Minute video, Tom Lee reviews his stock market outlook this week in February 2025, focusing on how U.S. equities behaved around recent macro and policy headlines. He walks through three early‑2025 market pullbacks tied to the DeepSeek R1 AI release, new tariff headlines and a hotter‑than‑expected January CPI report, and then examines what changed on the latest session as major indices moved through a previously established downtrend line. Lee highlights technical work from Mark Newton, shifts in AAII investor sentiment (including what he calls a “double capitulation”), and historical S&P 500 forward‑return patterns following similar sentiment readings since 1987.

The video also discusses January core PPI, how that feeds into core PCE—the Federal Reserve’s preferred inflation gauge—and why the gap between CPI and PCE is being watched by economists and investors. Lee notes upcoming retail sales data, scheduled Federal Reserve commentary in February, and the timing of the next FOMC rate decision. He closes by touching on a set of same‑day earnings reactions for Applied Materials (AMAT), Palo Alto Networks (PANW), Airbnb (ABNB) and Twilio (TWLO), and briefly references Fundstrat’s SMID “Granny Shot” stock list. The full video (about four minutes) and supporting charts are available to subscribers.

In this Macro Minute video, Tom Lee reviews his stock market outlook this week in February 2025, focusing on how U.S. equities behaved around recent macro and policy headlines. He walks through three early‑2025 market pullbacks tied to the DeepSeek R1 AI release, new tariff headlines and a hotter‑than‑expected January CPI report, and then examines what changed on the latest session as major indices moved through a previously established downtrend line. Lee highlights technical work from Mark Newton, shifts in AAII investor sentiment (including what he calls a “double capitulation”), and historical S&P 500 forward‑return patterns following similar sentiment readings since 1987.

The video also discusses January core PPI, how that feeds into core PCE—the Federal Reserve’s preferred inflation gauge—and why the gap between CPI and PCE is being watched by economists and investors. Lee notes upcoming retail sales data, scheduled Federal Reserve commentary in February, and the timing of the next FOMC rate decision. He closes by touching on a set of same‑day earnings reactions for Applied Materials (AMAT), Palo Alto Networks (PANW), Airbnb (ABNB) and Twilio (TWLO), and briefly references Fundstrat’s SMID “Granny Shot” stock list. The full video (about four minutes) and supporting charts are available to subscribers.

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