Ideas
Tom Lee
Managing Partner & Head of Research, Fundstrat
6:21
Bullish 2026 with mid-year drawdown.
Tom remains bullish on 2026: he expects a year like 2025, with an early drawdown that feels like a bear market but no economic downturn, followed by a strong rally and at least a 10% gain. Support comes from global earnings growth, improved market breadth, an eventually dovish Fed, AI/blockchain optimism, onshoring and defense spending; risks include policy shocks and a market test of the new Fed.
Tom Lee
Managing Partner & Head of Research, Fundstrat
15:29
Precious metals momentum still has room.
Precious metals are the standout trade: gold and silver have been working daily, physical markets are tight and buyers step in on dips; Tom DeMark thinks the move is not exhausted and gold can reach 8,900, though the parabolic action resembles a possible 1979-80 topping process.
Tom Lee
Managing Partner & Head of Research, Fundstrat
24:11
Microsoft AI selloff looks misplaced.
The market may be wrongly writing off Microsoft as an AI loser. Microsoft was punished on a normal quarter and concerns about OpenAI exposure, but it has been written off before and come roaring back; with the stock 22% cheaper and the OpenAI premium removed, it remains a long-term opportunity.
Tom Lee
Managing Partner & Head of Research, Fundstrat
34:25
Software not washed out yet.
Software is in a bear market and may not be washed out yet. AI can write code and replace subscription services, tech employment is falling, and software names are going down on both bad news and good news—including ServiceNow's strong earnings and Microsoft's ordinary quarter—so the setup is worth watching for a true washout.
Tom Lee
Managing Partner & Head of Research, Fundstrat
41:17
Equal-weight broadening confirms bull market.
Market broadening is confirming the bull market: cap-weighted S&P has gone sideways while equal-weight breadth improves, with RSP breaking out. This is healthy for institutional stock picking and future dip-buying because institutions cannot own only the Magnificent Seven.
Tom Lee
Managing Partner & Head of Research, Fundstrat
42:04
China is a major AI winner.
China is one of the two likely AI winners alongside the US. Tom says China's AI works well and it has been strong in EVs and increasingly in healthcare/biotech licensing, which also benefits supply-chain countries adjacent to China.
International large caps multi-year rerating.
International large caps may be a multi-year allocation, not a one-year trade. Last year non-US markets rallied without earnings growth because of a mindset shift and shareholder-value reforms; this year they should get the earnings-growth follow-through, and a weaker dollar could add a tailwind.
Tom Lee
Managing Partner & Head of Research, Fundstrat
45:00
Energy and materials mean-revert higher.
Energy and basic materials are Fundstrat's top sector picks for 2026. Both have underperformed for years—energy has done nothing for five years and the metals underperformance was extreme—so they benefit from mean reversion, under-accumulation, and a stronger 2026 economy.
Tom Lee
Managing Partner & Head of Research, Fundstrat
46:35
Bitcoin selling nearing its end.
Bitcoin is in Fundstrat's 2026 what-to-own list. After an unprecedented October deleveraging that liquidated over 2 million accounts and wiped out many market makers, the crypto selling looks closer to the end than the beginning, though Tom flags Bitcoin-specific quantum risk and mature holders selling.
Tom Lee
Managing Partner & Head of Research, Fundstrat
55:36
Ethereum wins from Wall Street blockchain.
Ethereum is the useful blockchain for the coming Wall Street settlement revolution. Stablecoins are mostly built on Ethereum, the network supports smart contracts with 100% uptime and finality, and large institutions are rebuilding settlement layers on blockchains; Tom calls this really bullish for Ethereum.
Tom Lee
Managing Partner & Head of Research, Fundstrat
60:11
Bitmine is profitable ETH treasury.
Bitmine is one of only two digital asset treasuries that have succeeded since October, having bought more than $2B of crypto. It holds Ethereum that generates staking rewards, has about $1B cash, institutional holders, Moonshots such as Beast Industries, and a goal to reach 5% of ETH, which could produce substantial net income.
Tom Lee
Managing Partner & Head of Research, Fundstrat
60:11
MicroStrategy is scale survivor.
Digital asset treasuries are a scale business; MicroStrategy is one of only two that have been successful since October and able to keep buying crypto, having bought more than $2B. This favors the large survivors over the many smaller copycats.
Robotics is next bull-market leg.
Robotics is the next leg of the bull market after AI. Josh has been bullish on robots for 10 years; Tesla dropping Model S and Model X to focus on autonomy and humanoid robots is a major signal, and physical AI/autonomy could be the next phase even if Musk's timelines are early.
Tom Lee
Managing Partner & Head of Research, Fundstrat
66:45
Robots fill structural labor shortage.
Robots could be huge and are a force multiplier. Tom has labor shortage as an investment theme because a structural shortage of prime-age workers will last a decade, creating a use case for robots; autonomy alone could be a new bull market not yet started.
This The Compound News video, published January 30, 2026,
features Tom Lee, Josh Brown
discussing SPY, GLD, SILVER, MSFT, IGV, RSP, FXI, EFA, XLE, XLB, BTC, ETH, BITMINE, MSTR, ROBO.
14 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Tom Lee,
Josh Brown
· Tickers:
SPY,
GLD,
SILVER,
MSFT,
IGV,
RSP,
FXI,
EFA,
XLE,
XLB,
BTC,
ETH,
BITMINE,
MSTR,
ROBO
