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TOM LEE: The market will end the year lower — 'We have a nominal GDP problem'

Fundstrat co-founder Thomas Lee expects the market to end the year lower. Though he thinks this drawdown is part of a larger bull market that won't end for a few more years. Lee's short-term concerns for the market revolve around nominal GDP which he expects to be at about 3% next year. Lee recently cut his earnings estimate for the S&P for this year. Following is a transcript of the video.
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