Ah, the eternal optimist, Tom Lee, co-founder and managing partner of Fundstrat, is at it again, doubling down on his bullish predictions like a gambler on a hot streak 🤑. In an exclusive Q&A with Global Money Talk, Lee revealed his cards, and we can’t help but wonder if he’s bluffing or not 🤔.
At the start of the year, Fundstrat predicted that industrials, financials, and tech would outperform the broader US stock market. And, lo and behold, industrials and financials have been the stars of the show so far, with tech finally waking up from its slumber 💻. According to Lee, these three sectors will continue to lead the equity market for the rest of the year, because, why not? 🤷♂️
But wait, there’s more! Lee thinks that one equity group will see a surge in demand next year, when the Federal Reserve will supposedly start cutting rates 📉. And which group might that be? Why, interest-sensitive stocks, of course! 🤑 It’s a no-brainer, really. With the Fed cutting rates, financials and small and mid-caps will be the big winners, or so Lee hopes 🤞.
“With the Fed cutting rates next year, I think that’s going to be good for interest-sensitive [stocks]. So that should really support financials and it should support small and mid-caps.” Ah, the sweet sound of optimism 🎶.
And then, there’s the wild card: cryptocurrencies 🤯. Lee thinks that if stablecoins explode (and we’re not talking about the kind of explosion that happens when a bubble bursts 💥), Ethereum will make a big comeback, because, well, most stablecoins are built on ETH 🤓. It’s a clever bet, but will it pay off? 🤔
“Stablecoins are being pushed by the United States government. Here’s the thing. Circle (USDC) runs on Ethereum. Stablecoins run on Ethereum. So as stablecoins explode, Ethereum is the backbone for stablecoins. So I think Ethereum is going to make a big comeback as well.” Ah, the eternal optimism of the crypto enthusiast 🚀.
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2025-07-07 10:21