Video | Tom Lee: There is too much leverage in the market, and we may be in for a pullback.

Bitmine Chairman Tom Lee said in an interview that he still believes the market could see a pullback later this year. On one hand, the midterm elections, Federal Reserve policy, and high leverage are all increasing market volatility; on the other hand, there is still huge disagreement over whether inflation has truly come down. However, Tom Lee believes that if consumer inflation expectations have not clearly spiraled out of control, the Fed can actually afford to be more patient, and inflation may show more noticeable improvement by the end of the year. The short-term market may need to cool off, but this disagreement and uncertainty itself also means that opportunities have not yet been fully priced in.