Big Technology Podcast Is AI Actually Saving The Stock Market? — With Tom Lee
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Jun 25, 2025 
Tom Lee, Chief Investment Officer at Fundstrat Capital, dives into the intriguing intersection of AI and the stock market. He explores how the generative AI wave is propping up stocks and what an AI 'Black Swan' event could mean for investors. Lee discusses potential market disruptions, ethical dilemmas, and the implications of AI advancements. The conversation also touches on Bitcoin's future, the resilience of traditional business models, and how narratives shape market perceptions. Tune in for insights that could reshape your investment strategy!
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AI Hype Cycle Outlook
- The AI hype cycle will likely peak early and then consolidate, similar to the wireless industry.
- Eventually, a few companies will dominate after an initial broad growth phase.
High Yield Bonds Signal Recession Risk
- Use high yield bond spreads to gauge recession risk better than economists.
- Wider spreads near 800 basis points signal recession, while current narrower spreads suggest low risk.
Stock Market Bounce Patterns
- Stock market waterfall declines almost always bounce back unless a recession occurs.
- Fed liquidity is less critical for market recovery than commonly believed.