Tom Lee: Probability of September rate hike drops below 40% after jobs report

Odaily Planet Daily News: Tom Lee posted on X platform stating that the market's strongly "dovish" reaction to the July jobs report is another example: the market suffers from "inflation disorder syndrome." His view is that inflation is on a downward path. The market was previously impatient and leaning hawkish. After the jobs report was released, the probability of a September rate hike fell below 40%, compared to 75% two weeks ago, and many economists had advocated for an early rate hike. Please do not fight the last war.