On episode 159 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Tom Lee of Fundstrat to discuss: Tom's Q4 outlook, what usually happens after Fed cuts, geopolitical risks, Chinese stocks, a history of drawdowns, and much more!

This episode is sponsored by Global X. Visit https://www.globalxetfs.com/ to explore a lineup of more than 90 ETFs, along with insights to help you navigate a dynamic investing landscape.

More from Tom:
Access a 30-day free trial of FS Insight, exclusive to The Compound & Friends audience, at: https://bit.ly/thecompoundandfundstrat24

00:00 - Cold Open
10:43 - Intro
12:55 - Market Setup and China Stimulus
24:11 - The Labor Market
29:56 - The Fed Cuts and Current Risks
35:52 - Utilities
39:47 - Small Caps
51:41 - History of Drawdowns
01:00:50 - The Election
01:02:54 - Demographics
01:09:38 - Money Market Inflows?
01:12:52 - AI and Semiconductors
01:19:21 - What's going on in Argentina?
01:22:25 - Favorites

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