Recession fears and schadenfreude: Breaking down Fundstrat's positive outlook for the S&P and Bitcoin

Behind The Scoop offers Genesis subscribers a summary of what we learned from our podcast guests, and profiles research to further the discussion beyond the latest episode.

Tom Lee, former chief equity strategist at JPMorgan, made headlines during the bitcoin boom of 2017 with his calls that the cryptocurrency would soar to its price target of $25,000. Fast forward to today; Lee isn't making any more price targets on bitcoin, but he still makes calls on the market -- leading Fundstrat, a market research shop covering both equities and crypto. On this episode of The Scoop, Lee shared his thoughts on how the research business has evolved over the last two decades, why he doesn't think bitcoin is a macro-hedge, and the largest roadblocks keeping big investors out of the market.