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Tom Lee: Don't Confront Washington, White House Influencing Industries' Fortunes
Summary: In a recent update, Bitmine Chairman Tom Lee warned investors against confronting Washington, stating that the White House is increasingly influencing the fortunes of various industries. He believes this dynamic shift is more crucial than the monetary policies at the beginning of the year. Lee pointed out that credit card companies, the Federal Reserve, and ...
In a recent update, Bitmine Chairman Tom Lee warned investors against confronting Washington, stating that the White House is increasingly influencing the fortunes of various industries. He believes this dynamic shift is more crucial than the monetary policies at the beginning of the year.
Lee pointed out that credit card companies, the Federal Reserve, and institutional mortgage buyers are currently on the losing end, citing Trump's push for limiting credit card rates and the political pressure facing the Federal Reserve as examples. He mentioned that these policies could lead to a tightening credit environment.
Lee believes that in the winning side, housing-related assets will be a popular choice, as Trump focuses on housing affordability and reducing mortgage rates before the election. He also favors energy, materials, large-cap tech stocks, cryptocurrencies, industrials, financials, and small-cap stocks benefiting from economic growth.
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Link: Tom Lee: Don't Confront Washington, White House Influencing Industries' Fortunes [Copy]
