🚨TOM LEE ON CNBC TODAY AMC STOCK GME STOCK

I think yeah I think something like a 5% pullback so guys Justin Tomley on CNBC gave a prediction and he kind of expects the market to fall down around 10% I want you to be cautious I want you to take the trades very carefully listen and expectations over here are for good not amazing jobs report and everyone should be pressing for good report not amazing one because then the Federal Reserve might actually postpone the thism rate cut listen very carefully You' made these uh these these preing calls some of them even short term it had to do with uh with positive surprises on on inflation and is that going to be enough from here on out to to to keep the market headed higher or have we shifted to growth worries now uh I think there's probably more growth worries in in people's minds these days so the jobs reports and claims seem to have more Market reaction I think that's going to be the case in September as well I mean we have the FED meeting at sort of in the middle of the month but this week is the jobs report I'm I'm sure there's going to be a lot of focus on that right so will what kept you positive was that the numbers were always for the market they were better than than people were were thinking is that going to continue to be the case but it's no longer inflation it's Now growth so growth will continue pretty good jobs will continue pretty good you're not worried about a another growth scare like we had six weeks ago uh yes I think that there the growth scare is is what everyone's worried about cuz the July jobs report was kind of a shock to markets and that's part of how we had that black Tokyo Black Monday I think this jobs report for August is going to show a nice rebound for growth in jobs hopefully it's not too strong because of course as you know if it's too strong people are going to worry the FED might backpedal on a September cut so where does that leave you in terms of what is seasonally Andrew just alluded to it's September's not great and we know I mean we always make lows in October or we have many many times which means usually a lot of times September was not great I think investors should be cautious for the next eight weeks you know September next eight weeks be cautious that's you're not always cautious that's right when mean Market's been up seven of the eight months this year so we know it's an incredibly strong Market but we also have the September cuts and we have the election things that'll get people nervous I I think in the next eight weeks people get a a chance to buy so I think it's good to be cautious but just ready to buy that dip you have the because you're fearless and you'll say anything I I I you have in the past actually talked about election related trades and Trump trades and do you see anything going on now that that indicates anything to you Bitcoin hasn't been acting very well yeah Bitcoin hasn't acted well I the two things we're watching to sort of look at how election probabilities are weighed is Bitcoin and energy I think the fact that oil is being weak even with some geopolitical risks tells me I think the market is starting to bet more on a trump out Trump election but because there'd be more production more production B for Price which is which is is not necessarily the way that you might think about things because we hear about you know we're at records for for oil products and no one realized the reason we it records in this country is because prices were so high that it caused a lot more uh Drilling in activity and the prices were high because it's harder to drill with without uh and LNG and everything else the Biden Administration did yeah that's right so people think oil should be higher here because of for many reasons but oil's been weak so I I I would say that that's probably the that's China too though isn't it yeah China and China's becoming a bit more mysterious right there's even risk maybe of negative GDP there okay so uh the next and funny you said 8 weeks it's almost exactly uh 8 weeks I think what that it's like 63 days or so so some uncertain and caution going into the election but in your view people should get long I think they'll get a chance to buy long yeah so I think this is one of those where investors need to be cautious but back of their minds no this is a strong Market how far down 10% I think that 7 to 10 is possibility and we've already had 2 7% Corrections this year so it's kind of it's been testing investors patience but I I think you know I think it should we should expect turbulence and then the question of course is when the turbulence comes is it by the dip always or is there going to be and by the way by the dip at when it goes down by 2 or 3% or you really actually have to wait for a five six s% pullback I I think one or two is is just almost like daily noise this Market has shown you know pullbacks like that so I think yeah I think something like a 5% pullback is very likely but I think we need and are you waiting for that yeah I I think it you know what we'll find out this jobs report cuz like if it's too strong and investors worry and so the stock market's down Friday I would be buying that dip but there's a chance that we get a good job report and the Market's up I hate to sound so uh binary but I think I would just say at the bottom line is it's a strong market so I I don't think this is we've seen the top for 2024 guys I want you to take all the information with a grant of Sal why this is not only bad about the stock market my stock market might fall but the Bitcoin might actually go up Bitcoin has been stuck all year round since March Bitcoin has been going down so we didn't kind of find any potential trading opportunities for Bitcoin so I honestly hope to see a good jobs report if the jobs report is actually amazing well the market will most likely go down which I hope to bring the Bitcoin up so the correlation should remain opposite in the both investment opportunities also something very interesting Tomley is actually seeing that the wall state is pricing more and more Donald Trump to win the election they're kind of position themselves for cabinet under Donald Trump and he see that the businesses are organizing not only the production but the cost basis for some of the products to be associated with them which is kind of kind of weird right the expectations over here again will be for more production of oil which remember Donald Trump said that he is not going to mass allow Mass produce and promote and push the electric vehicles right he wants to have the regular Vehicles remain as a main component of the automobile industry right so this is couple of things that you should consider uh the pool that I run here on the channel majority of the people actually were Republicans a lot of people also said that they're independent definitely guys we're we're getting closer to the election so this means that the elections will have more and more impact towards the price action and the uncertainty brings much more volatility on the market again Tomley said he's not probably going to be buying the DP if the DP is around 2 three% why he said because the market has been running very very well for the six to seven months throughout the year the market doesn't go up substantially right the market has the seasonality without even the uh from time to time crazy Catalyst such as the elections or crazy Catalyst such as the rate Cuts this is additionally push more volatility and uncertainty on the market so again very important he didn't say short the market he didn't say B on the downside he said you could buy the dip but make sure it is a dip make sure it is the bottom don't rush don't try to time the market Angel F am crush the away suit MCE in the [Music] street New York Angelo hero in The Fray fist made of iron crush the Greet away suit Shar MK tight Justice in the air Wall Street feelings never see them unprepared in the boardrooms they trembling here cffs 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