The chapter delves into the stock market's surprising performance, despite concerns over limited stock breadth and reliance on a few tech giants. The guest challenges the 'Uber bull' label, discussing market trends and the distinction between 'Uber Bulls' and 'Perma Bulls'. They also discuss a strategist's evidence-based approach to predicting stock market movements using thematic portfolios focused on trends like Millennials and cybersecurity, emphasizing the balance needed in a healthy economy.
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.
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