The chapter covers early warning signs of companies not meeting expectations, the emergence of a new AI-focused hedge fund seeking $1 billion, and the debate surrounding investing in AI stocks. They discuss measuring market sentiment, predicting Bitcoin's future price based on activity growth, the potential for institutional adoption, and the S&P potentially reaching 15,000 by 2030. The conversation also delves into business agility during the COVID-19 pandemic, biases post-pandemic, setting precise price targets for the S&P, and the ongoing influence of the financial crisis on today's markets.
The stock market has had a torrid run in 2024 despite the fact that interest rate cuts haven't materialized in the way people had expected at the start of the year. In fact, outside of a few blips here and there (like spring 2020), US stocks have been phenomenal performers for years. Tom Lee, the founder of Fundstrat and FS Insight has been bullish for a long time, having caught the correct side of this lengthy trend. On this episode, we speak to the former JPMorgan strategist about how he thinks about the market, what he sees happening right now in macro and demographic trends, and why he thinks it’s plausible that the market could roughly triple in the next six years.
See omnystudio.com/listener for privacy information.