Tom Lee: The market may experience a sharp decline followed by a rebound in 2026, and AI and blockchain technologies may help the financial industry.
PANews reported on December 25 that Tom Lee, co-founder of Fundstrat and chairman of BitMine, said in a recent CNBC interview that the Federal Reserve may adopt a more dovish monetary policy in 2026, which would boost business confidence and push the ISM Purchasing Managers' Index (PMI) back above 50, thus benefiting traditional industries such as industry, energy, and basic materials.
Furthermore, the financial services industry will also benefit from the application of AI and blockchain technologies, which will reduce the labor intensity of businesses and improve profit margins. Tom Lee predicts that leading banks like JPMorgan Chase and Goldman Sachs may begin to behave more like tech stocks and have the potential to become the next batch of "tech giants."
Despite the overall optimism, Tom Lee warned that the market could rebound after a significant drop in 2026. He pointed out that since 1928, in half the years when the market rose by more than 20% for three consecutive years, the fourth year performed even better. He emphasized that the main risk in the market is over-complacency, but the current cautious attitude of investors may help mitigate this problem.
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