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EN590 Commodities GroupMarket Analysis 2026-09-17T01:51:26+00:00
Fundstrat's Tom Lee says Wall Street overreacted to Wednesday's rate decision.He's calling the sharp stock selloff a buying opportunity, not a warning sign. Cyclical stocks, financials, and energy names took the brunt of the selloff. Lee expects those same groups to lead any rebound. The Dow Jones Industrial Average fell 631 points, or 1.2%, to close at 51,461 on Wednesday. The S&P 500 slipped 0.5% to 7,551. The Nasdaq Composite held roughly flat at 25,978. Retail sales for August also topped forecasts, easing some recession worries. The selloff followed a move Lee had flagged days earlier. It deepened once officials signaled more hikes ahead before year-end. Financials and energy stocks led the decline as traders rotated out of rate-sensitive sectors. J.B. Hunt sank 13.3% after warning of
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