Fundstrat co-founder and managing partner Tom Lee is doubling down on his bullish predictions for certain stocks this year. In a question-and-answer exclusive with the Global Money Talk YouTube channel, Lee says that at the start of the year, Fundstrat predicted that industrials, financials and tech would outperform the broader US stock market. Lee notes that industrials and financials have so far outshone other sectors, with tech now also coming to life. According to Lee, Fundstrat sees the three sectors leading the equity market for the rest of the year. The Fundstrat executive also thinks that one equity group will see more demand next year, a time when he thinks the Federal Reserve will begin to cut rates. “With the Fed cutting rates next year, I think that’s going to be good for interest-sensitive [stocks]. So that should really support financials and it should support small and mid-caps.” Turning to cryptocurrencies, Lee says that if the market cap of stablecoins – or digital assets pegged to other assets such as fiat currencies and precious metals – erupts, so would Ethereum ( ETH ), as most stablecoins are built on ETH. “Stablecoins are being pushed by the United States government. Here’s the thing. Circle (USDC) runs on Ethereum. Stablecoins run on Ethereum. So as stablecoins explode, Ethereum is the backbone for stablecoins. So I think Ethereum is going to make a big comeback as well.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Fundstrat’s Tom Lee Doubles Down on Three Stock Sectors for 2nd Half of Year, Names Equity Group Set To Surge Once the Fed Starts Cutting Rates appeared first on The Daily Hodl .
