TOM LEE - “AT SOME POINT IT’S A BUBBLE!” (OUR CLIENTS ARE SKEPTICAL)

Tom Lee's Market Outlook

• Believes the market is not in a bubble yet, despite high valuations
• Thinks tech stocks will continue to do well due to innovation and paradigm shifts
• Expects AI to re-architect the way America does business, making tech companies more valuable

Small Caps

• Tom Lee is bullish on small caps, citing their underperformance over the last decade
• Notes that small caps are trading at a 10 forward PE and will benefit from deregulation
• 49% of small caps are cyclical stocks that will do well next year

Crypto Market

• Tom Lee has predicted Bitcoin to hit $250,000 next year
• Bitcoin is up 140% over the last year
• Altcoins have fallen harder than Bitcoin recently, with Bitcoin dominance moving up

News and Sentiment

• Kohler launches Bitcoin Treasury, purchasing $21 million worth of Bitcoin
• Incoming US Director of National Intelligence, Tulsi Gabbard, sees value in a strategic Bitcoin reserve
• Michael Saylor advises taking a holiday break from Bitcoin trading

Market Outlook for Next Year

• Tom Lee is bullish on the market, expecting a good year for small caps and tech stocks
• The host agrees, citing a potentially dovish Fed and increasing bullish sentiment from politicians and companies.