Point Of No Return & A Conversation With Tom Lee

Dan Nathan, Guy Adami and Danny Moses are back for another edition of On The Tape. What’s the impact of American Car Center filing for bankruptcy (6:20)? Jerome Powell is preparing to speak in front of the Senate (8:00). Goldman Sachs investor day recap and major money center banking breakdown (11:40). Tesla Investor Day was a dud (22:10)!
Thomas Lee is a Managing Partner and the Head of Research at Fundstrat Global Advisors. What is Tom’s bullish thesis (35:07)? Tom lays out the case for owning technology, industrials and energy (50:30). Will the past leaders lead us out of this market again (55:15)? What’s the biggest risk to Tom’s thesis (1:05:00)?
After the break we answer a few listener questions (1:08:30).
Show Notes: riskreversal.com/on-the-tape-...
About the Show:
On The Tape is a weekly podcast with CNBC Fast Money’s Guy Adami, Dan Nathan and Danny Moses. They’re offering takes on the biggest market-moving headlines of the week, trade ideas, in-depth analysis, tips and advice. Each episode, they are joined by prominent Wall Street participants to help viewers make smarter investment decisions. Bear market, bull market, recession, inflation or deflation… we’re here to help guide your portfolio into the green. Risk Reversal brings you years of experience from former Wall Street insiders trading stocks to experts in the commodity market.
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Investing involves the risk of loss. Content is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Dan Nathan, Guy Adami and other guests featured in this show may maintain positions in the securities discussed in this video.

[@SMTraz]

TOM LEE - The Man, The Myth, The Legend. Thanks for having TL on the show.

[@Vevay1961]

His call of 5100 by the end of 2022 is legendary alright..... 🤣🤣🤣🤣🤣🤣

[@88bananapeels]

@@Vevay19615100 with all those quants working for him too lol

[@karlson68]

Haven’t heard Tom Lee before. I was ready for a blissfully ignorant permabull but was surprised by his intelligent and thoughtful perspective. Great guest

[@Vevay1961]

Especially how Lee ignores all his blown calls as if they never happened..... just like his fanboys.

[@rikuniemela7062]

I’m surprised how softly Dan, Guy and even Danny challenged Tom’s neverending bullishness. He went on and on about macro trends that provide tailwinds for nearly all industries, please could you bring Vincent and Porter along next time when you meet Tom.

[@dwadholm1]

The difference between these two sides is that I can understand what the Risk Reversal team says. I had to relisten to Tom several times to figure out what he was saying.

[@brianharris9320]

Great insights from Tom Lee. It all hinges on inflation

[@KK-pm7ud]

I liked the level of respect between Tom Lee and the team. It was a good discussion and a better long term interview than Wealthion did.

[@aknevv]

BRIDGET FONDA - OMG, GUY, I WAS SOOOO IN LOVE WITH HER!! ❤❤❤

[@abitler9445]

Thank you for having on someone who is bullish

[@3377ftw]

This is the most measured I've ever heard Tom. Actually respect this Tom over late 2021 Tom that called for a 4x of the S&P lol

[@3quarter]

Great episode! Like hearing opposing opinions and analysis to help us stay vigilant in our trading.

[@simondaughtry4619]

Thomas Magnum Lee.... "Higgins!!"

[@jays9870]

This witches brew is good for everyone -- Outstanding talk running the gamut of opinions. Investors are wise to consider all sides - there is a narrative for everyone but the best do their due diligence.

[@ddantes64]

Hear so many things about "it's different this time" and "there is no analog". Seems obvious but what lessons can we learn from prior boom/bust cycles. Does it have to be boom/bust if we have historical insight? Even if it is, what's the best way to invest for what's on the other side?

[@KK-pm7ud]

Don't ever change Guy Adami

[@keto6789]

Huge ego

[@SMTraz]

Tom Lee crushing these bears with little effort. :)

[@keto6789]

Always!

[@3377ftw]

Yea totally. He NAILED that 5300 end of 2022 call

[@Vevay1961]

How did Lee's January 2022 call of SPX at 5100 by the end of 2022 work out?

[@bdek68]

Exactly. We have become a bunch of sheep. God forbid the market resets to true valuations. 15-16 annual returns for a decade are normal? 0% rates, QE, Covid handouts! The opposite now! What am I missing. I could go on and on regarding macro and it’s not good. Geez, this is tiresome

[@bdek68]

Crushing it! Like he crushed his 2022 target. Gimme a break 😂

[@DeltaCherry]

Dan: "Let me make this one point. Just this one point." ...5 points later..."So in summary..." ROFLMAO

[@geoffmyers3937]

Especially good episode…3 bears and a bull!

[@StefanGartner755]

I really wonder how people make huge profit investing in stocks and crypto, I know investing is the best way to gain financial freedom but how is it done?

[@LuisellaLorenzo]

I've read articles of investors who mentioned Janet Lindsey and her consistency in making lots of money from crypto..

[@FabriceCorbin333]

wealth is created by proper investments, I’m an investor and I can tell how it changed my life for the better. From my experience it gets easier with the aide of a good trading expert to help handle your trades, Personally I’ve been trading with Ms Janet Lindsey for over a year now.

[@kingstonmartinez4592]

Ever since I started investing with Ms Janet Lindsey I encore no losses with an initial investment of $5,500 and I made up to $17,000 weekly.

[@JaroslavGolubev]

She also been a blessing to me and my family. I'm happy thanks to Janet Lindsey help .

[@ClaireAffleck476]

I will reach out to her immediately. Thanks again from Singapore.

[@simondaughtry4619]

When the obvious is too obvious... the opposite happens.... at least half the time...:) lol

[@keto6789]

Tom Lee owned the permabears!

[@Vevay1961]

Especially with his call in Jan 2022 of SPX hitting 5100 by the end of 2022!

[@wread1982]

You guys, no one can predict the future so why try? Just set your orders and if they get picked up they get picked up

[@seanagon182]

Gonna Drink everytime he says equity risk premium, Bottomed. Be wasted. Feb 2022 face ripper baby. Love this guys though. Always harder being the bull.

[@DD-ss1sl]

Being long term bullish is like playing Nintendo with a Game Genie.

[@keto6789]

The best way to be successful is to dca into VOO or VTI every week until you're 80 and then retire

[@mdo5121]

Tom Lee isn’t he the one pushing Bitcoin while saying it would reach 100k by This past January ….how did that work out….Smart guys on Wall St. are quite common but successful ones in making you money not so much.

[@travissmith9488]

I would argue the market is starting to already look to 2024 earnings. Current estimates are $249 of earnings. So market P/E based on this is at a very cheap 16 right now.

[@Vevay1961]

Very cheap 16? ROFLMAO!!!!!!

[@DeltaCherry]

They start looking at 2024 earnings towards the end of Q3.

[@travissmith9488]

@@DeltaCherry not always. Look at what happened in 2022.

[@travissmith9488]

@@Vevay1961 definitely

[@thomasexum9877]

That was a great bounce off the 200 day moving average! I bought S&P 500 futures and sold a ton of Puts, along with some small call buying. This market looks great! Next level 4500 S&P 500, in the next couple of weeks. 4300 S&P by the end of next week. 😁

[@MrFuckinglogin]

🤡🤡🤡🤡🤡

[@Vevay1961]

At least you'll be able to deduct the losses on your taxes a year from now.

[@thomasexum9877]

@@Vevay1961 Next year? I just made over 100 S&P 500 points. I am looking good right now. Plus I am long over 10 contracts, you do the math. Great return for one day!

[@thomasexum9877]

@@MrFuckinglogin The invoice is in your mailbox. Thank you Thomas would be appropriate response.

[@Vevay1961]

@@thomasexum9877 Wow! A whole day! But then when you realize there were 17 days in 2022 where the SPX rose more than 1% two days in a row, and yet the average return over the next 20 trading days was -1.61% for each of them.... annualized at -19%, you'll will be singing the blues if that trend continues.

[@fatal9998]

not to be mean or anything but the show started well then just kind of dragged on. I think the rates will turn we have been in a multi decade lower rates and now things are not the same specially in the world since all countries are all the same overall so i disagree with tom lee.

[@brianalbano9005]

I bet that all 3 of these guys including Liz Young have long positions in the sp500 lol..

[@fabfiduciary]

it must kill these guys how wrong they currently are

[@KK-pm7ud]

Give it 12 months

[@keto6789]

@@KK-pm7ud Theyve Been saying that for over a year now ....