Fundstrat's Lee: Buy the Dip as CPI Shows Disinflation Progress, June Rate Cut Still Possible

Investors should buy the post-CPI stock market dip according to Fundstrat's Tom Lee, who sees continued disinflation progress
Lee highlights a chart showing more CPI components trending back towards less than 3% inflation, signaling disinflation forces are strong
The March CPI increase was mainly due to auto insurance prices, which lag behind auto price increases, rather than structural inflation
Jeremy Siegel noted shelter and auto insurance CPI components are backward-looking and follow price increases with a 12-15 month lag
Lee believes a June Fed rate cut is still possible if upcoming CPI reports continue showing disinflation, which would boost stocks