원문 보기
Well, if it doesn't work , they'll have more dollars to put them to work. So I really think that the Ministry of Finance has a lot of resources at its disposal. So I assume it will work. Did Tom Lee just say that buying back Treasury bonds is good for stocks? And also, reasons why Robinhood is worth buying now.
And further, why Bitcoin is growing again. I'm Andy, and welcome to the channel. And before we begin, let's take a look at this video where Tom Lee explains his point. Today we have Tom Lee from Fundstrat and Bryn Talkington from Requisite Capital . We are pleased to announce that both are CNBC contributors.
Brin, congratulations. Tom, it's good to see you in the studio. What do you think about the professor's words? Um, I think Jeremy is pointing out important things. But in my opinion, buying Treasury bonds was a wise move. I don't think it's any different than when a company says, "Hey, look, there are things that scare investors, but they don't apply to my company." And I believe that this was exactly the signal from the Ministry of Finance.
So I don't think it's manipulation. This is actually a testament to the value, an attempt to isolate the signal from the noise. What if it doesn't work? So, you assume that profitability will start to fall again? We just need some ballast until we get clarity or a signal from Powell and an understanding of the CPI rate that is holding the market back.
Of course , Jackson Hole is happening this week, and I think that could provide some clarity that would remove the risk premium from yields. Brin, how do you see it? I think a lot of people are saying this week that Kevin Warsh is in a tough spot because he said, " Let the bonds tell the story." And on the other hand, as a contrast, Secretary Yellen is buying up Treasury bonds.
But if you dig deeper, 30- year bonds, and especially 20- and 30-year bonds, are very illiquid. This is a market with a total volume of about $6 trillion, if we talk about long-term bonds. Nobody is focusing on 20- and 30- year bonds. These are actually 10-year, 5- year, 2-year bonds, and they are not being bought.
So I think Fed Chairman Warsh really has the ability to balance the situation and say, first of all, these Treasury purchases are tiny compared to the total, and this is more of a Treasury signal: "We're going to step in and buy these longer-term securities ." Because the reality is that 10- year and these shorter-term papers are what everything depends on.
So, I think the market, the stock market, will be within a certain range this week. Because, as both the professor and Tom said, the Jackson Hole meeting, where he's speaking on Friday, I think that's really going to be a key moment where we get a sense of what he's really thinking, or what he's going to tell us about his thoughts, because he's already said he's going to be a taciturn Fed chair.
Tom, do we think next week will be the most defining week for the stock price over the next few months? You know, after next Wednesday we won't hear anything from Nvidia for a long time, and I don't think people really expect any action from the Fed in September or even October, until after the midterm elections.
I think this makes next week even more important for stocks. Agree. I think this could be called a moment of clarification, because let's take, for example, the story of AI. Concerns about data centers and political opposition have caused this trend to slow down. I think Jensen Huang will bring back a lot of confidence by showing that demand remains consistently high and developments will not stop.
Same with the Fed: I think uncertainty is growing between Worsh's speeches. So I think this is another opportunity to correct course. You raise an interesting question. So, do you think what appears to be growing opposition to data centers is affecting stock market trading? Yes, because if data centers can't be built, then this whole idea of " bottlenecks" doesn't look so reliable.
So I think what we've seen in Ohio, Florida, Texas and Pennsylvania, where governors are imposing potential moratoriums or even voters are saying it's a political issue, is giving investors pause. What if that doesn't change? I mean, I'm literally looking at one of the most recent polls right in front of me, which I happened to see earlier today.
And support is declining among all political parties. Yes. This suggests that the AI industry, especially labs , need to start getting the message across that this is not the end of the world. You know, I think it's very likely that this political issue could become a problem. But that's exactly why AI stock derivatives are starting to work.
The software showed good results this week. You know, even biotech , and then crypto, because they're all derivative stocks from the AI story. How about So, intervention in bonds is good, and we may be in for a few tough weeks. So prepare for volatility. So here's the post in X that I actually want to discuss.
They asked Tom Lee if he could only own one company for 10 years, would it be Robinhood or Kalshi. And his answer: "We own Robinhood. They have the advantage of having built real relationships with customers. And sometimes investors underestimate how important Robinhood is, don't they? In terms of the regulatory risk that hangs over the prediction market, it's a really complex issue.
It involves local regulators and court decisions, including a decision by the Ninth Circuit later this year. So New York just filed a lawsuit. Nevada has filed a lawsuit. So, in terms of what the right structure looks like, giving the FTFC authority over this market makes sense. It's part, it's part of a much larger deal about how financial services are regulated.
So, essentially, he would choose Robinhood, right? Over Kalshi. So Kalshi is something that's fairly new. I get that, but their market, I don't think it involves a lot of stocks. It's more like betting on random things that people want to bet on. Well, he was pretty bullish on Robinhood. So Robinhood might be worth buying.
I would actually do some research and look into this. It's pretty innovative, isn't it? It offers something different than other brokers, a lot of young people use it, and it's very easy to use. So go in and actually buy some stock. Now let's take a quick look at Bitcoin and see why it's been up this week.
about Bitcoin, shall we? It's called "Bitcoin Heads for Best Week Since 2024, Trump Administration Fuels Crypto Rally," right? Here are some key takeaways: Bitcoin is on track for its best week in over 2 years, up 22% since Monday, right? This rally was in response to President Trump's call for Congress to pass the Clarity Act, which would regulate tokens as commodities, right?
Crypto markets are also benefiting from falling bond yields and the liquidation of short positions over 1.2 billion in bitcoin, right? So bitcoin has gotten a little bit of a boost, some momentum. Hmm, I would say bitcoin could be a good buy at these levels, right? Especially if you plan to hold it long term, but the momentum that Michael Saylor created, and the purpose for which it was conceived, I think, is still there, but the interest has faded a little, and a lot of people don't trust bitcoin because Michael Saylor sold some of his assets, although he promised never to do that.
I guess that's why bitcoin has fallen so much, but I think in the long term , given its standards and purpose, bitcoin is worth buying, right? If you look at the perspective of 10 years and more. follow the link to my community below. I have a free trial running right now , so take advantage of it. Thanks for We watched, see you next time.
댓글 0