Macro Expert Tom Lee | What's Next For Markets?
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 7 August 2024
⏱️ 49 minutes
🧾️ Download transcript
Summary
In today’s episode, we tackle the big question: with the massive sell-off earlier this week, is the bull market over?
Our guest, Tom Lee, doesn’t think so.
We aim to answer several key questions:
Why did markets take a hit on Monday? Is there more pain to come?
Is the bull market truly over? What about the possibility of a recession? What are the arguments for both the bear and bull cases?
And finally, Tom's Price Predictions.
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TIMESTAMPS
00:00 Intro
04:51 Welcome Tom Lee
09:39 How Bad Was This Really?
13:12 Is It Over?
19:22 What Happens Next?
22:22 Carry Trade Risk
23:52 The Recession Case
28:00 Comparing To The Past
31:35 Why Tom Was Right
36:05 Wall St Temp Check
40:42 BTC And ETH Price Predictions
43:14 Election Impact
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RESOURCES
Tom on X: https://x.com/fundstrat
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Bankless. This is Ryan Sean Adams. I've got a big question going into today's episode. I'm sure it's a question on your mind as well. |
| 0:11.1 | We have this insane sell-off earlier this week and it feels like |
| 0:15.0 | everyone in crypto is just caught licking their wounds and wondering I've got a |
| 0:18.7 | question on their mind. Is the bull market over? We have a guest today. |
| 0:24.0 | Tom Lee, who says, |
| 0:25.0 | it's not over, not by a long shot. |
| 0:27.0 | We'll get to that conversation in just a minute. |
| 0:29.0 | But first, want to shout out our friends over at Macha. |
| 0:32.0 | During crazy weeks of volatility like this, |
| 0:34.0 | I'm really thankful for Macha. |
| 0:35.5 | They are the OG decentralized exchange aggregator. |
| 0:39.6 | They'll give you the best price on any trade size, |
| 0:42.1 | especially the big ones one-time |
| 0:43.9 | token allocation means your tokens are never at risk of smart contract exploit it's |
| 0:48.0 | also incredibly user-friendly if you want to get serious about your decks trades |
| 0:51.6 | much as what I use it's what David uses, |
| 0:54.3 | you can go to macha. |
| 0:55.4 | XYZ to get started. |
| 0:57.4 | Okay, so back to today's conversation with Tom. |
| 0:59.9 | My goal in today's episode was just |
| 1:01.9 | to get a few basic questions answered. |
| 1:05.0 | They're basic questions, but there's a lot of nuance to them, as you'll hear in today's |
... |
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