Tom Lee

May Core PCE was mainly driven by 'financial services' which means stock market gains drove inflation. Ex-financials, core PCE was 0.22%, which is pretty close to the Fed's target, and this explains why yields fell sharply. Please click here to view our Macro Minute (duration: 4:40). ______________________________PS: If you are ...

We discuss how the severe decline in momentum is overdone and points to a likely bottom. The FOMC is surprisingly dovish, at least that is our takeaway, and we discuss some of those clues. Please click here to view our Macro Minute (duration: 4:27). ______________________________PS: If you are enjoying our service and its ...

We are constructive near term as this pullback in semis, memory and tech and momentum seems to have created a good risk/reward. And in the near-term we remain constructive. Next week is a heavier week for macro data. And Kevin Warsh will testify to Congress. Please click here to view our Macro ...

Affiliations & Notes Alaska Blind Child Discovery, Alaska Children's EYE & Strabismus, 3500 Latouche #280, Anchorage, Alaska, 99508

The macro has become a bit messy as war risks and the selloff in memory triggered margin calls in both the US and Korea. We think the macro data this will be supportive of lower inflation. And more importantly, we still believe the risk/reward remains positive for stocks. Please click here to view ...

Bedrock Wine Co. was founded by Morgan Twain-Peterson in 2007 and focuses on small production wines from many of California’ s most treasured and historic

Dehlinger Winery is located in the Russian River Valley of Sonoma County and was founded in 1975 by Tom and Carole Dehlinger. Eva Dehlinger took over winem

The big stories this week are the continued selling in Korea/AI stocks and the downside surprise in CPI and PPI. In our view, the more important is the downside reading on inflation as this sets the stage for bond markets to flip from hawkish to dovish Fed. As for AI, we think margin ...

Peter Lynch once famously said “Selling your winners and holding your losers is like cutting the flowers and watering the weeds.” To us, this is what investors selling Semis and DRAM are doing today. The AI structural story remains intact in our view. We are also seeing outperformance of downstream AI stories. #ETH has ...

OpenAI revealed one of its 'agents' escaped and hacked a network. The growing capabilities of AI and their eventual growing share of our wealth raises the concern we will soon cross the 'Uncanny Valley of Wealth.' A time when agents and robots are more capable and wealthier than humans. In this era, we will ...