Tom Lee Says It's Still Early | TCAF 205

In this episode of the podcast, Downtown Josh Brown and Michael Batnick interview Tom Lee from Fundstrat Capital about the current state of the stock market, potential re-architecting of the U.S. financial system, and the impact of AI on various sectors. They discuss the resilience of the market despite numerous challenges, the phenomenon of "hated rallies," and the concentration of market gains in a few large tech companies. The conversation also covers economic indicators like the ISM Manufacturing Index, the labor market, and the potential for a housing recovery driven by falling mortgage rates. Additionally, they delve into the crypto space, focusing on BitMine Immersion Technologies' strategy of accumulating Ethereum and the broader implications of stablecoins and blockchain technology for Wall Street.