According to PANews, Fundstrat co-founder and Bitmine Chairman Tom Lee predicted in an interview with CNBC that the U.S. Federal Reserve (Fed) is likely to shift to an accommodative monetary policy in 2026, which will boost corporate confidence and push the ISM Purchasing Managers' Index (PMI) above 50. He analyzed that this could have a positive impact across traditional industries, including industrials, energy, and basic materials.
He also explained that the financial services industry can also expect to see reduced labor intensity and improved profitability through the adoption of artificial intelligence (AI) and blockchain technologies. Accordingly, he suggested that large financial firms like JP Morgan Chase and Goldman Sachs could act like tech stocks and grow into next-generation tech giants.
However, despite his overall optimism, he warned that the market could experience a significant decline in 2026 followed by a rebound. Citing the fact that half of the years since 1928, when the market rose by more than 20% for three consecutive years, outperformed in the fourth year, he pointed out that overconfidence is a major risk. He added that the current cautious stance of investors could help mitigate this risk.
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