TOM LEE SAYS A BIG DRAWDOWN IS COMING THEN THE RALLY OF OUR LIFETIME
- 10 of 13 new Fed chairs triggered a 10%+ drawdown in year one
- S&P on path to 7,300 then a decline that will feel like a bear market
- After that, we could see one of the strongest rallies of our lifetime
In my opinion gold is not ripping with oil because the market believes the strait will be open before the Xi & Trump meeting in May.
Also countries defending the dollar peg on their currencies are selling US treasuries & gold until they remove their dollar pegs eventually.
Gold is repatriating to Asia through Shanghai & Singapore though.
I’m long term bullish Bitcoin & gold and continue to buy into weakness.
Self custody is essential.
🛢️165 years of oil price history in one chart
Every spike on this chart has a name:
1864 — Civil War
1973 — Arab Oil Embargo
1979 — Iranian Revolution
1990 — Gulf War
2008 — Financial Crisis
2026 — We are here 🔴
Goldman's chart shows the price response is STILL smaller than 1980 and 2003.
Meaning either the market is right and this ends fast.
Or the market is wrong and we haven't seen the real spike yet.
Every Single Previous Spike Eventually resolved.
But not before causing a recession first
Which side of history are you positioned for?
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