Tom Lee: Don't Battle Washington, White House Will Shape America's Industry Fortunes

BlockBeats News, January 14th, Bitmine Chairman Tom Lee warns investors not to confront Washington, believing that the White House is increasingly influencing the rise and fall of various industries. He stated that this dynamic change is more important than the monetary policy at the beginning of the year.

Tom Lee pointed out that credit card companies, the Federal Reserve, and institutional mortgage buyers are currently the "losers," citing Trump's push to limit credit card rates and the political pressure facing the Federal Reserve as examples. He stated that these policies could lead to a tightening credit environment.

Tom Lee believes that on the "winning" side, housing-related assets will become a popular choice, as Trump has focused on housing affordability and reducing mortgage rates before the election. He also favors energy, materials, large-cap tech stocks, cryptocurrencies, industrials, financials, and small-cap stocks benefiting from economic growth.