- Stocks face a "make or break" moment this week and could rally to 4,750, Fundstrat said.
- That's because the Fed could soon issue its last rate hike, which is expected to be bullish for stocks.
- Falling inflation indicators and the limited impact of the banking turmoil back up that view, Lee said.
Stocks are facing a pivotal moment this week as the Fed could deliver the last rate hike of its tightening cycle – a move that could cause the S&P 500 to retest its all-time-high from early 2022, according to Fundstrat's Tom Lee.
In a note on Monday, Lee pointed to broad expectations that the Fed will deliver another 25-basis-point rate hike this week, after having raised interest rates 475 basis points in the past year to lower inflation.