A chart to understand @fundstrat Tom Lee's emotional journey throughout the year: 1️⃣ Q1 Honeymoon Period: ETF approval, $250k target announced, strong belief in exponential growth driven by institutional funds. 2️⃣ Q2-Q3 Narrative Period: Price volatility, emphasis shifted to macroeconomic logic (Federal Reserve, outperforming gold, millennials), reinforcing bullish sentiment. 3️⃣ Q4 Reality Period: Acknowledging the $250k target was unattainable within the year, lowering the target to $125k.
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