Tom Lee of Fundstrat views the sharp stock selloff as a buying opportunity rather than a warning sign. The Dow Jones fell 631 points, or 1.2%, to close at 51,461 on Wednesday, while the S&P 500 slipped 0.5% to 7,551. Cyclical, financial, and energy stocks bore the brunt of the selloff. Lee expects these same sectors to lead any rebound, citing Goldman Sachs research forecasting easing inflation pressures over the next two quarters.
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