The Fed's interest rate moves have likely cost banks $900 billion, and it can stop hiking after SVB's collapse, Fundstrat says

• The Fed's interest rate hikes have likely cost banks around $900 billion, Fundstrat's Tom Lee said.
• Lee made the case for central bankers to stop hiking rates, which would be bullish for stocks.
• He's predicted a 20% increase in the S&P 500 this year, with a strong rally taking off between March and April.

The Fed's aggressive rate hikes to control inflation have likely cost banks around $900 billion – and the collapse of Silicon Valley Bank is a sign that central bankers can stop tightening monetary policy, according to Fundstrat's head of research Tom Lee.