Prof G Markets

The Bull Case for 2026 — ft. Tom Lee

436 snips
Dec 12, 2025
Tom Lee, a veteran equity strategist and co-founder of Fundstrat Global Advisors, boldly shares his optimistic outlook for 2026, citing market recovery potential. He discusses the crucial role of AI and big tech in driving earnings growth despite current market skepticism. Lee highlights small caps and financials as undervalued sectors ripe for investment. Delving into Bitcoin, he presents a bullish stance post-October's market turmoil and compares today's AI excitement to the internet boom of the late '90s, emphasizing innovation's impact on the economy.
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ANECDOTE

Six Black Swans Held Markets Back

  • Tom Lee shares market shocks he calls 'six extinction events' that suppressed investing.
  • He frames these events as reasons investors remain cautious despite underlying strength.
ADVICE

Prepare For A Drawdown, Then Buy

  • Expect drawdowns next year and treat them as buying opportunities if the economy holds.
  • Position for a potential mid-year correction while keeping conviction in a longer-term bull outcome.
INSIGHT

AI Basket Beats Picking Winners

  • Most AI names may fail but an AI basket can still outperform over a decade.
  • Future winners will differ from today's leaders, so broad exposure captures the secular trend.
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