Oh, great, Tom Lee from Fundstrat is back with his sage advice—because nothing says “fun times” like rich people being wary of stocks that sound like they could blow up any second. 😂 Despite the market’s little victory lap, these deep-pocketed types are still side-eyeing speculative stocks harder than I side-eye a bad sketch idea.
In his latest CNBC chat, Lee lays it out: high-net-worth investors are basically on the fence about these high-risk darlings that promise huge payoffs but deliver more hype than a Broadway flop. 😏 You know, stocks where the business plan is “hope and vibes” instead of actual profits.
Lee himself puts it best, in that deadpan way only finance bros can muster:
“These are not the stocks that we recommend for our clients. You know, we stick with large-cap quality and portfolios. 35 of the best S&P [500] names… There’s $7 trillion of cash on the sidelines, and retail investor sentiment, I think you have to really fracture it. I think the Robinhood community is bullish, but what I’d call the high-net-worth and the traditional equity investor is still pretty cautious. That’s the heart of our universe of clients.”
And get this, Lee thinks the market’s got more gas in the tank for rallies, even though everyone’s acting like it’s no big deal hitting all-time highs. No euphoria here, folks—just a bunch of cautious cats. 😹 He adds with a straight face:
“So I would say speculative activity, those are such small examples that I would say it’s way too early for me to say there’s speculation… High beta as an ETF, if you look at that, it usually should lead in a bull market. So it’s not unusual… But the thing to keep in mind is that in 2021… people were speculative excess in these Mag 7 and these large-cap names. There’s hardly any euphoria in those stocks.”
https://www.youtube.com/watch?v=X0nzrAKhgFs
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2025-07-27 15:11