Bankless Macro Expert Tom Lee | What's Next For Markets?
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Aug 7, 2024 
Tom Lee, Head of Research at Fundstrat and a CNBC contributor, shares his insights on the current market turbulence and potential future trends. He discusses whether the recent sell-off signals the end of the bull market or if there’s more to come. Lee also digs into recession possibilities, contrasting bear and bull arguments, and reveals his price predictions for Bitcoin and Ethereum. With a contrarian approach, Lee provides a unique perspective on market dynamics, emphasizing the importance of staying informed amidst volatility.
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Market Sell-off Triggers
- Sunday's sell-off was likely triggered by Friday's weak jobs report and Japan's interest rate hike.
- These events fueled recession fears and a carry trade reversal, impacting markets.
Market Volatility Spike
- The VIX, a measure of market volatility, spiked significantly, similar to 2008 and 2020.
- This indicates high market panic and uncertainty, likely leading to margin calls and liquidations.
Growth Scare vs. Bear Market
- The market downturn could be a temporary growth scare, particularly if the triggers were temporary.
- Bonds behaved relatively well during the equity panic, suggesting a liquidity issue rather than a fundamental change.