History shows stocks have done well even under the most hawkish Fed, and Powell doesn't need to crush the market to fight inflation, Fundstrat says

• Stocks won't be crushed even if the Fed continues to raise interest rates, according to Fundstrat's Tom Lee.
• That's because stocks have done well under past Fed tightening cycles, especially when rate hikes are predictable.
• Lee has predicted the S&P 500 would rally at least 20% this year, despite more bearish outlooks from other commentators. 

History shows that stocks have done well even under the most hawkish Fed, and Chairman Jerome Powell doesn't need to crush the market to rein in inflation, according to Fundstrat head of research Tom Lee.