Tom Lee: Market leverage is too high, facing short-term pullback

Bitmine Chairman Tom Lee stated that the market leverage is too high and is facing a pullback in the short term. Mid term elections, Federal Reserve policies, and high leverage have increased market volatility, leading to divergent views on the extent of inflation cooling. If consumer inflation expectations are not out of control, the Federal Reserve can remain patient and inflation will improve by the end of the year. (Source: Federal Reserve)