Tom Lee and Dan Ives Explain Everything

Dan Ives (0:01)

The energy in this room is outrageous.

Josh Brown (0:05)

Anything you want to get off your chest before I start?

Michael Batnick (0:07)

Couldn't have scripted a better time for you to be on the show.

Dan Ives (0:09)

It's crazy. It's kismet.

Josh Brown (0:13)

Can you feel this right now?

SPEAKER_4 (0:17)

It's not always straightforward to translate those inputs into what the stock price is going to move.

Dan Ives (0:24)

100%.

Josh Brown (0:24)

It's not binary.

Tom Lee (0:25)

And that's my speech. And then six months later, the market crashes. I think we could stop paying taxes because the robots are the ones that are taxed.

Josh Brown (0:36)

And then what?

SPEAKER_7 (0:37)

It's almost like asking me in 1996 whether or not we're going to be in a bubble in 2000

Tom Lee (0:43)

If half the stocks can't even keep up with treasuries, there's something similar here.

SPEAKER_5 (0:46)

This is the trick, I think, of investing that when you study history, you understand all the risks, all the headlines, all the problems that can go wrong, and your downside risk is well, what if they don't?

Josh Brown (0:57)

You know who buys this shit?

SPEAKER_8 (0:59)

I only like the beginnings of things. I like when a rally feels like it's in the face of challenges.

Michael Batnick (1:05)

I'm very confident in my assertions.

SPEAKER_8 (1:07)

This just shows kind of like the evolution of how an economy goes. I have had so many friends kill their careers buying new lows.

SPEAKER_4 (1:14)

Pay attention because we will see this again. This is not like a one and done. This happens again and again and again. They'd be calling us and be like, what the f*** is going on?

Michael Batnick (1:26)

The first go round here was the most fun I had.

SPEAKER_8 (1:29)

I lived in silence for most of my career.

SPEAKER_4 (1:31)

And you guys were the first place where I went.

SPEAKER_8 (1:35)

And it's certainly been fun to be on the show with you guys.

Tom Lee (1:37)

You're the best. Put my mic on.

SPEAKER_8 (1:40)

We are here to talk about stops.

Josh Brown (1:42)

Give yourselves a round of applause. Let's hear it.

Dan Ives (1:46)

This is vacation for me.

Josh Brown (1:47)

This is what I want to do on my vacation. I want to talk about stops.

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Josh Brown (2:46)

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Michael Batnick (2:57)

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SPEAKER_5 (3:44)

Let's hear it.

SPEAKER_8 (3:45)

The poem I brought.

SPEAKER_5 (3:47)

What I got.

Josh Brown (3:51)

All right. I gotta tell you, you guys are literally the best podcast audience and fans in the world. Give yourselves one more round of applause. Thank you guys so much.

Thank you. I appreciate it. I'm working hard on the hair. All right.

You guys, for those of you who don't know, this is one of, if not the top investing podcast in the world. Thanks to you, all of your efforts in sharing and liking and telling your friends and tuning in each week. And we love you for it. We are so lucky today to have two of the all time great guests that we have ever had on the show. Repeat guests. The fans ask for them all the time. Every time they come on, the show does ridiculous numbers. Ladies and gentlemen, please say hello. Dan Ives is a partner and senior managing director at Yorkville Ives & Co. The merchant bank he co-founded in July with Yorkville Securities, which combines investment banking, equity research, institutional trading and principal investments with a focus on AI. Most of you know Dan from his prior eight years as global head of tech research at Wedbush. Give it up for Dan.