AI Summary
5 min read🎙️ The Voices & The Context
- The Format: Casual live podcast interview with audience interaction, blending banter, sponsor read, and deep market analysis.
- The Key Players:
- Hosts: Josh Brown (Downtown Josh Brown) and Michael Batnick – Energetic duo with sharp chemistry; Josh drives hype and stories, Michael probes with charts and skepticism. Main banter on skiing injuries, AI fails, and market absurdities.
- Guest: Tom Lee, co-founder/CIO of Fundstrat – Famous for bullish calls, early crypto advocacy, and data-driven outlooks; commands "legion of followers" for nailing post-2022 recovery.
- The Vibe: Fun, optimistic, and educational – High-energy optimism amid market chaos, laced with humor and "nobody knows anything" humility.
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What you'll learn
- 1 (00:00) **🎙️ Introduction: Tom Lee**
- 2 (07:00) **Market Resilience and Recent Shocks**
- 3 (10:00) **Stacking Odds: Cross-Market Analysis and Cycle Positioning**
- 4 (14:00) **Bullish Themes: AI, Blockchain, Onshoring, and Metals Rally**
- 5 (19:00) **No Bubble: Black Swans and Resilient Valuations**
- 6 (22:00) **Big Tech Divergence and Earnings Reactions**
- 7 (25:00) **2026 Headwinds and Tailwinds**
+ Full timestamped outline available in the app
Show Notes
On episode 227 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Fundstrat's Tom Lee to discuss: market headwinds in 2026, why Tom is still bullish, the precious metals rally, the crypto bear market, Tesla's big bet on robots, and much more!
This episode is sponsored by Franklin Templeton. Learn more at https://franklintempleton.com/muniETFs
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All investments involve risk, including possible loss of principal. An investor may be subject to the federal Alternative Minimum Tax, and state and local taxes may apply.
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Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management.
The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply
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