Hey it's downtown Josh Brown. I'm here with my guest today Tom Lee.

Tom is the former chief strategist at J.P. Morgan. He is the co-founder and head of

research at Funstrat. Tom is going to tell us about the most important indicators and things he looks at to

understand what's happening in the market.

Stick around, this is going to be great.

First of all, thanks for coming up, coming down. You're in the 50s?

Yep, in the 50s. Okay. I've been reading your stuff for 10 years and one of the things I've found

most interesting about your work is that you've been almost consistently

bullish throughout this entire what I call a secular bull market and you've been

mostly right and there have been times where you didn't look right because markets were getting more volatile than what we're accustomed to, but you've pretty much stayed the course.

And I think people who have listened to you on balance have done better

than people who have listened to some of the more hysterical or gloomy voices

out there. Do you give yourself pats on the back or do you just feel like this is what I do I try to understand?

Well you know I've been doing research for 27 years and when I was a kidter the director research

said you know never get too happy with When I was a Kidder, the director research said,

you know, never get too happy with yourself

because you're only good as your last call.

So I think we're always paranoid looking over our shoulders.

Right, like what could go wrong?

Yeah.

I hear that consistently from people that, you know,

or in a similar situation that you're in. So I wanted to ask you about, we're going to get

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