Better Man with Fundstrat's Tom Lee & Brady Cobb of Sunburn Cannabis
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- čas přidán 30. 06. 2024
- Fundstrat’s Tom Lee joins Dan Nathan, Guy Adami and Danny Moses for the first half of the pod to discuss the stock market not making sense actually makes sense, the bond market, why it’s too early to have a 2024 outlook, Bitcoin and sentiment among Fundstrat clients. After the break, the guys speak with Brady Cobb, CEO/Founder of Sunburn Cannabis, to discuss HHS calling for an easing of restrictions on marijuana.
Use this link to get one month of free access to Tom Lee’s research at FS Insight: bit.ly/3PjnBdV
Timecodes
0:00 - No Sense Makes Sense
21:50 - Building Outlooks
26:00 - Bullish September?
30:00 - Bitcoin Predictions
33:20 - Being Right Is Wrong?
37:15 - Interview Reaction
39:30 - AI Mania Continues
42:00 - Dollar Store Trade Down
46:50 - Major Cannabis News
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.
Shoot us an email at contact@riskreversal.com with any feedback, suggestions, or questions
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#investing #stocks #stockmarket
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. - Věda a technologie
Tom Lee is one of my favorite guest analysts to watch and listen to.
Don't mess with Tom Lee ... He has been right
Except in all of 2021
The anger from those who called the market wrong in the last year is just projection of their failure frustration onto Tom instead of reflecting on what they did wrong. Well done Tom- took balls to call it during the lows.
Fantastic interview with Tom Lee. Unusual to have 40 minutes straight with him. He deserves so much more credit and respect than he generally gets. Thanks guys.
the look on Tom's face when they first pan to him at 3:01 is all you need to know about this interview. 😆
Tom has been right for MANY months while so many were bearish, including these 3 guys. Congrats, Tom. When you speak, I listen. 👍🏻 Glad to see Guy showing you some respect.
he was very wrong on BTC. Also he said at the end of 2021 market would go to 5300 in 6 months. He is pretty much wrong about everything. To his credit once and a while he is like a broken clock.
he's a perma bull, and bulls are always right 90% of the time
He's right most of the time. Everyone will be wrong sometimes
@@user-oj1id5mp7w or it is hard to follow closely 🤣😂😅 because he's always data dependent (if-then-else-that). and when ones missed by not "keeping up w/the program", they held their lag info. Later in time they then blame others for being wrong afterward (cuz it is easy to blame others than it takes time and enery to do the hard work. This is something happen more increasingly everyday over past 3-4 decades in USA as USA being. Everybody here wanna retire early. They wanna work less hours. They want to believe that they are right fueling themselve with their limited unconcious biased information. They blame Feds and everyone but the one person who could get it, etc.)
All these guys were professional. Great discussion like adults
Thanks guys for having Tom on your show
Tom Lee, the GOAT analyst
I love Tom, he is by far the best on CNBC - I know how difficult it is to be a contrarian
he;s not a contrarian , he's just always bullish lol
@@5EMEANGE - I would agree that he is a bit more bullish than most, but he will call things bearish when he sees it. He did call the recent August pull back. So your statement that "he's just always bullish lol" is not accurate.
Tom! Thank you for all the interviews that you do. I really appreciate all the wisdom that you share. All best Tom Lee! 🙏
Tom Lee we luv when you don’t hold back and speak your mind.
Ganging up on the guy that's been right is FUN to watch.
I'm so tired of the bears lol Tom is always a breath of fresh air
best interview for RiskReversal of 2023
So refreshing to hear someone who has a positive outlook with a good record
I think trauma bias is a big part of the bears. An analogy would be if you walk through a park for 10 years but one day you get mugged you're always going to be looking over your shoulder. You're not going to remember the 99.9% of the time you were fine.
in Tom Lee we Trust!
and Dan Ives!!
and Jim Cramer!
Tom Lee is the GOAT!
Great interview with Tom Lee fellas, great to see he's not just another shill...great observation around 33 - 35min mark Dan...what does that tell you...
Tom Lee commands attention with his analysis and earns respect for his articulate presentation.
Great discussion, loved todays show with Tom!
Great episode. I took all of the reviewer comments and fed it into OpenAI to summarize.
Overall, the reviewers are expressing positive sentiments towards the podcast and the interview with Tom Lee. They appreciate the opportunity to hear from Tom and respect his analysis and track record. Some viewers commend the hosts for their excellent questions and unbiased discussions. There is also a discussion about market predictions and the importance of considering current market conditions rather than dwelling on past successes or failures. The overall tone is one of appreciation for the insights provided by Tom Lee and the informative nature of the podcast.
so awesome my bear bros having Tom on!!
Fucking hell. I love Tom. He has a habit of continually being on the correct side of the market, at least since I’ve been watching him for the last four or five years. Pretty interesting.
Tom Lee is the BALLS!
Tom, clarity, no fluff, how he gets is right more often than not, he's the best analyizer. I just wonder how his team factors in our economy and the rise in the cost of living plus global madness. Great discussion, thanks
Global madness? Huh? According to who and relative to when? Smh
Great interviews. Terrific questions. Honesty, civility, real education. Just discovered the podcast last week. Haven't missed an episode. Thank you for doing it.
thats one i like about tom lee hes honest in his answers
I believe a person that says I don’t know then someone who slams the table and says listen to me. Listen to Tom everyone
Danny! Thank you for all the guests that you bring to your show (Wilson, Dwyer, and now Tom Lee 😝). I just hit the suscribe button! All best for Danny, Guy and Dan!
Kudos fellas for having Tom on.
Tom Lee is universally loved 📈🇺🇸
As much as I’m like Tom’s Boston client who doesn’t want to buy FundStrat’s views, it was a good show to get his perspective. He has good points - mainly - that the stock market rarely makes sense, and 2023 is another year of that.
The Firing Squad sound a little more combative on this episode, and they cutoff Tom quite a bit, but that makes a great episode. We all learn something.
Great show Gentlemen.
Proved yourselves to be excellent hosts.
Intelligent conversation with conviction in opinions, willingness to describe how that conviction was formed.
I like Tom Lee. Period.
I loved the way his anxiety was palpable to a simple viewer, perhaps because at todays close I’ll be enjoying the closest to all cash in our retirement accounts in over a decade.
Best.
very transparent conversation, thanks RRM to invite Tom. It takes a lot of courage to be an outlier. Game of inches, that's a brilliant way to portrait the market.
Finally, another perspective on this channel
Say what you want. When energy stocks were down and most anal-lysts hated them, Tom said energy would rally by year end. Took his advice, and was very very happy with my energy portfolio. Thanks Tom.
Tom Lee Schools the Perma-Bears! When will these Bears add a weekly Bull guest?
Dan = Bear
Danny = Bear
Guy = Bear
CBW = Bear
EY from SOFI = Bear
Come on, get some regular balance to your weekly shows. End the Bear Echo Chamber!
those guys are out of touch with how stock markets work in 2023
This might be the best comment on the board. These folks are unreal and comical in a way cause they’ve all been so wrong. Goldman just said today that the reinstatement of student loan payments aren’t going to impact the consumer and economy much based on their calcs lol
Dan thinks Tom is stressed. Imagine how stressful it is to be as wrong as Dan has.
Appreciate having Tom on, someone who has different views. I dont agree with him but definitely makes the show even more entertaining than it already is.
Why don't people like him he's right
This is so great, so utterly on point, well played Better Man indeed!
Tom's 30 years experience shows through pretty clear
tom lee is my bull god!!!
Great show with TOM LEE❤❤❤❤
Dan did not listen to Tom Lee 3 months ago when he was a guest and again he is still talking the same nonsense. Yes, Dan, you have been in the market for 27 years ( his answer to Tom Lee's 30 years) but Tom Lee 30 years at a level where you obviously never were and never will be in terms of responsibilities.
Wow just love danny's confidence, he is up against tom's so far correct bullish predictions. I love this show so much, so far they bave been wrong but trio stick to their convictions and thats what i respect.
In Tom Lee we Trust!!
Tom Lee for the win!
Big fan of Tom and his humble nature, only question I have is did he eat an edible before the show 😂
Only here to see Tom Lee. Very nice interview. Good job.
At some point the market will go down and these guys will say I told you so. It is hard to watch them seem so defensive. I am a big fan of the podcast, but the P/E of the market is not 15 and having a temper tantrum is not going to make it so. Thanks Tom.
This entire comment section is strangely filled with positive comments praising Tom. We just experienced a retail meltdown: FL, DKS, M, NKE, DLTR, WOOF. DIS is getting hammered. I wouldn’t take a single piece of advice from Tom Lee. Moses and Adami are the only two on this podcast that know what they’re doing.
I think Tom provides a valuable contrasting view (if the only people you listen to are people who confirm your existing viewpoint -- bulls or bears -- you're limiting your information), but otherwise yeah you're right about the comments here. There's a whole lot of "this time is different" going on.
Tom was the only CNBC presenter to be correct 😊 tells me I'm a better judge without brokers
This is a good one. Good bet !
I agree with Tom. Been doing this longer than both Dan and Tom and it’s always befuddling.
To Tom's point, the Market doesn't make sense AND this makes sense. This is because participants attempt to prescribe individual narratives as root causes for respective price action, when the reality is the Market is a reflection of not one but in proportion all narratives simultaneously.
Damn that was the greatest freaking show yet. I love all you guys! Tom Lee (not the drummer) took all your crap and digested you!!
Superb show
Love that Tom Lee and Danny Moses bet. Both cool dudes.
Thanks for bringing Tom.
Always a good listen opposed to these bearish clowns.
They even admit most of the time the market is up.
Finally someone intelligent on the show!
the market should be up because it is open is what i got from that chat 🤣
🍌🔥 Way to give the peeps what they want. Great discussion and hope Danny will not be shy about letting us know where TL is sending his donation 😇
Enjoyed the video. Tom Lee is very insightful. #BlueCloudTrading
Glad you enjoyed it!
Tom stated his flipping - market sentiment - was based on internal analysis data review. Client feedback long/short/angry re STRAT stance is used as a peer review/confirmation of the directional call as the market evolves.
Tom looked tired talking to these folks....
These guys are the best!!! 😊😎👍🏿👍🏿👍🏿great open discussions without bias. Very few places you can go to get that perspective🧠
Tom Lee took a lot of hate in 2022 for being "wrong", but he's less wrong than nearly everyone else.
Tom is a wolf in sheep clothing, some people are just smart. Loved this!
September has been up 50% of the time over the last 20 years.
It's about observing the tape and its patterns. Markets got a bit more optimistic about inflation and rallied decently from Dec 22 lows, until beginning of March 23. Then bank failures happened, and suddenly everyone was panicking again and huge selloffs happened. Markets for a month or two forgot that the main dominating trend (based on Fed fighting inflation) was already turning positive and focused too much on banks. As soon as the bailout happened (yes BTFP was a bailout), markets should've gotten the message that there's no tolerance for major crashes anymore (in fact the whole financial / Fed / Treasury system has been evolving towards that direction ever since 2008). But markets are scared, and took another two months to forget about bank failures and back to major dominating trend of inflation undershooting expectations.CRE is probably the next panic trigger, but will probably be a buy the dip situation if it comes to fruition (watch for the bailout signal).
Wow, you guys are brave 😂😂
Tom saying at 5:30 that he tells his people to stay out in August and reenter on the 22nd, does he advise that every year in August or is he saying just for this year?
Thanks for bringing Tom on the show. Much respect to Danny, Guy, and Dan.
Tom has been spot on all year, when I watch this video I get the impression the guy had the answers to the test in advance, doesn’t seem to defend the answers just goes off what he feels. Like i said, he’s been spot on, I just don’t see the exact reasons why he feels it’s. Could be just me, but he doesn’t give data to support his bullish opinion. Like I said early, he’s been spot on YTD. When has he ever been bearish?
He called for upto 10% draw down in the first half of 2022( but still expected a up year - the only time he was wrong the last 3 years i have been following him).
Tom 'fucking' Lee, the mad genius. His crazy clients, who didn't believe him, but now feeling they missed the move are now more convinced that he's wrong now, which only convicts Tom that the market will only move higher. And they are paying a guy that tells the world to be bullish which is directly against their investment placements. He's the Joker, the Riddler, and the Penguin all rolled up into one, with a big dash of Robin Hood thrown in.
The problem with most analysts is their view is based on their market experience in their life time ie 40 yrs where the interest rate went from 18% to 0. Would it take the next 30 yrs to accumulate experience for high interest environment?
im long Tom Lee
We stop watching at 37 minutes.
Tom Lee 🎉
Dan was on to something at the end there that could've been explored a bit more with regards to tom - tom does look a bit confident though as of late
easy for lee . moses goes thats my point its been tough lolo after lee tells u he was right all year
Whenever you say: "I can't imagine" or "It couldn't happen, right?" Probably means this a decent chance it will happen.
I find it interesting that when the professionals here admit that the market is NOT predicable year to year. As just an average retail investor, it reduces my confidence that I trust a majority of my retirement savings in such as system. Alternatively, there are annuities, but I don't trust that system either. So, what's the low risk/low volatility alternative to maintain a reasonable 8% average per year?
Highly diverse products. It’s not rocket science
Accept volatility, accept markets tend to go higher. dont fight both.
So $480 coming in hot! Thanks.
I don’t understand a word that comes out of Guy’s mouth. I feel like he is speaking an alien language.😂
He never wondered how come inflation was so much lower, that is because People had already gone into recession, they were too poor to spend more.. unless people buy, prices cannot go up, which is what inflation measures
Tom definitely had a couple glasses before this 😂
These three bears are basing everything on past and Tom is showing you data data wins
People don't have different views in markets. They just have differently timed views.
Data Point: is there a relationship between the use of marijuana and the use of hair dye?
Tom is the best but my friend the point and figure chart is much better. 3 box breakouts on point and figure historically sets the trend and the trend is your friend.
29:45 Seriously Danny, your ego is so big you have to challenge your guests to a bet. How absurd. If I was Tom, I wouldn’t want to come on bc you want to prove me wrong instead of just appreciating, if not, listening to someone else’s differing viewpoint.
Yep, Danny is a jacka$$
no it wasnt tough mr moses at 5:30. For Lee was easy peazy
Tom I hate to say but he was right 👍
With many US employees contributing to 401Ks every month, much of that goes into the S&P500. How much does that add up to every month? This seems to be a built in bias to the upside.
Dan seems very at peace with his short nvda long PayPal trade. As the great bob scucci of the stardust Sportsbook said “when you know you’ve lost all that’s left is relief” 😂 don’t understand why Nathan keeps bringing up Tom’s discomfort with being correct
@40:44 you are forgetting that Okta and Crowdstrike has earnings. Stop spinning everything to align with your bear perspectives.
Risk reversal is one of the dumbest place to follow. They don't understand the markets. Inflation was caused by a fast increase in the money supply. Now inflation is going back to 0 because there is no money printing anymore. Snp will close above 5000$ before end of the year if not more. Just hold and buy any dips if there are any coming.
I can easily tell you why market doesn't make sense