Now, the former JPMorgan Chase & Co strategist is looking to cash in on his renown with a new exchange-traded fund, the Granny Shots US Large Cap ETF (ticker GRNY), which launched earlier this month and has already raked in more than US$400 million. It’s the first of what he hopes will be many to follow.
Wall Street prognosticators tend to huddle around the consensus, afraid to stand out for fear of being wrong. Then there’s Tom Lee.
The chief investment officer at Fundstrat Capital has made his name with bold calls (the S&P 500 at 15,000; Bitcoin to US$10 million). His unabashedly bullish takes, for which he makes no apologies, have drawn legions of online followers in this anything-goes era of market speculation — fueled by do-it-yourself retail investors.
