Tom Lee: $4 Trillion of IPOs Are Coming. Are You Ready?

Tom explains why stocks have remained resilient despite war, higher oil prices, and widespread investor skepticism. Join Tom Lee live for a market outlook and top ideas webinar on May 28 at 2pm ET. Limited spots remain. Reserve your seat: https://research.fundstratdirect.com/macro-update-and-top-ideas-webinar-may/?utm_medium=social&utm_source=youtube&utm_campaign=appearance&utm_term=20260520&utm_content=Meb-Faber CHAPTERS (0:00) Intro (1:35) Tom Lee on the resilience of US markets through the Iran war and record oil prices (3:11) Why Tom sees turbulence in the middle of 2026 (5:45) Oil as "unknown" (8:20) Private credit, software at 15-year relative lows, and the new Fed chair risk (10:15) 11 of 13 new Fed chairs have seen a 10%+ drawdown in their first year (13:40) Reading bonds before equities & lessons from Tom's analyst days (17:10) Financial education, Truflation, and the problem with University of Michigan sentiment surveys (20:30) the 90% vs 98% entrepreneurship survey and why AI favors business builders (21:18) SpaceX, OpenAI, Anthropic: the $4 trillion IPO supply wave and the 90-day lockup risk (26:50) Why public stock allocations by high net worth individuals are at near-record lows (30:15) Tom on crypto (32:40) Tether ($15B profit, 300 employees) vs JPMorgan ($60B, 300,000 employees) (34:42) Where to find Tom and a 30-day free trial (36:52) Tom's most memorable investment — Western Wireless at $1.72 and the Nextel sell rating Follow Fundstrat Direct on socials: X/Twitter→ https://x.com/FundstratDirect LinkedIn → https://www.linkedin.com/company/fundstrat-direct/ TikTok → https://www.tiktok.com/@fundstrat_directt Facebook → https://www.facebook.com/fundstratglobal Instagram→ https://www.instagram.com/fundstratdirect/ #TomLee #Fundstrat #StockMarket #SP500 #MarketOutlook #FedChair #MacroEconomics #Investing #SpaceX #IPO #Bitcoin #Ethereum #Crypto #PrivateCredit #stocks Full credit to the The Meb Faber Show channel. Watch the full episode here: https://youtu.be/1S1TF3tMqvc?si=G7D9f4KNLI-s5gFI