The Compound and Friends

What Tom Lee's Worried About in 2026

67 snips
Jan 30, 2026
Tom Lee, Fundstrat co-founder and chief market strategist, offers a data-driven take on 2026. He discusses why he remains broadly bullish despite midyear drawdown risks. Conversations cover precious metals and materials rallies, crypto deleveraging and stablecoin adoption, margin debt and leverage concerns, and Tesla’s big bet on robots as a growth theme.
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ANECDOTE

Bullish Track Record Builds A Following

  • Downtown Josh Brown introduces Tom Lee as a long‑standing bullish market voice and Fundstrat founder.
  • Josh frames Lee's track record as a reason listeners follow his research closely.
INSIGHT

Leverage Growth Can Flip From Fuel To Headwind

  • Rapid growth in margin debt can become a headwind once year‑over‑year increases exceed ~38%.
  • When leverage-driven gains dominate, forward returns historically deteriorate.
INSIGHT

Broadening Confirms A Healthier Bull Market

  • The market is broadening away from MAG‑7 leadership into more stocks and regions.
  • That broadening supports institutional stock‑picking and a healthier bull market structure.
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