# Tom Lee: The Market Can Climb Higher—But Expect Turbulence | #630

Page: https://stenobird.com/podcast/the-meb-faber-show-better-investing-743157/tom-lee-the-market-can-climb-higher-but-expect-turbulence-630
Text version: https://stenobird.com/podcast/the-meb-faber-show-better-investing-743157/tom-lee-the-market-can-climb-higher-but-expect-turbulence-630.md
Podcast: [The Meb Faber Show - Better Investing](https://stenobird.com/podcast/the-meb-faber-show-better-investing-743157)
Published: 2026-05-15T08:30:00+00:00
Episode link: https://traffic.megaphone.fm/TIFM6081951248.mp3
Audio file: https://traffic.megaphone.fm/TIFM6081951248.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-meb-faber-show-better-investing-743157/episodes/tom-lee-the-market-can-climb-higher-but-expect-turbulence-630
Duration seconds: 2627

## Resource

Today’s guest is Tom Lee, CIO of Fundstrat Capital, PM for the Granny Shots U.S. Large Cap ETF, and the Head of Research at Fundstrat Global Advisors. Prior to co-founding Fundstrat, he served as J.P. Morgan’s Chief Equity Strategist from 2007 to 2014. In today’s episode, Tom explains why stocks have remained resilient despite war, higher oil prices, and widespread investor skepticism. He shares his outlook for the S&P 500 and discusses the coming wave of mega-IPOs. Finally, Tom covers his successful entrance into the ETF space with the Fundstrat Granny Shots ETFs. (0:00) Starts (1:35) Tom Lee on markets since the Iran war (10:02) Issues with the University of Michigan Consumer Sentiment Index (20:50) AI & upcoming IPOs (24:34) Granny Shots ETF (31:25) Tom on crypto (36:52) Tom's most memorable investment Visit ⁠www.fundstrat.com/tom⁠ for complimentary access to Tom's daily insights, market alerts, live webinars, and stock lists. ----- Sponsor: Want to learn more about 351 Exchanges? Visit the Alpha Architect 351 Education Center for use cases, tools, FAQs, upcoming launches, and more. Investments in securities entail risks, including possible loss of principal and are not suitable for all investors. ----- Follow Meb on X, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Follow The Idea Farm: X | LinkedIn | Instagram | TikTok ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more. ----- Meb's in…

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