From the Desk of Anthony Pompliano Tom Lee Is STILL Bullish On Stocks, Bitcoin Despite Shakeout
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Nov 4, 2025 
Tom Lee, a prominent Wall Street analyst known for his bullish stance on stocks and cryptocurrency, shares his optimistic outlook on the S&P 500 and Bitcoin, predicting a rise to 7,100 and 200,000 respectively. He discusses how a potential government shutdown resolution could send both markets soaring. The conversation also touches on the impact of ChatGPT on job markets, China's lead in robotics manufacturing, and NVIDIA's plans to reshore tech production in the U.S., aiming for job security and resilience.
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Momentum Despite Multiple Market Risks
- Tom Lee argues markets carry multiple 'walls of worry' but momentum remains strong after six straight monthly gains.
- He expects November strength and projects a sizable S&P move, predicting a path toward ~7,100 with time and size specified.
Crypto Fundamentals Leading Short-Term Price
- Tom Lee views the October 10th crypto liquidation as the biggest in crypto history and treats the market as consolidating since then.
- He highlights improving fundamentals like exploding stablecoin volumes and record application revenues leading price.
AI's Structural Impact On Jobs
- Pompliano links ChatGPT's launch to a structural fall in job openings and increased productivity from automation.
- He argues AI is enabling companies to do more with fewer employees, increasing profitability and asset-owner gains.