Tom Lee: White House policies may affect the rise and fall of industries

Bitmine Chairman Tom Lee stated on January 14th that investors should not confront Washington, as the White House's influence on the rise and fall of various industries is gradually increasing. He believes that this dynamic change is more important than monetary policy at the beginning of the year. Tom Lee pointed out that credit card companies, the Federal Reserve, and institutional mortgage buyers may become "losers", and mentioned that Trump's push to limit credit card interest rates and political pressure on the Federal Reserve may tighten the credit environment. Meanwhile, he believes that housing related assets may benefit from Trump's focus on housing affordability and the reduction of mortgage rates. In addition, he is optimistic about small cap stocks related to energy, materials, large technology stocks, cryptocurrency, industry, finance, and economic growth.