Tom Lee: Falling Treasury Yields Could Weaken the 'Maximum Pain' Narrative

• —Lee listed four 'maximum pain' narratives: high yields, the US deficit, inflation fears and a hawkish Fed
• —He said those narratives would begin to fade once yields start falling
• —He did not say the decline has already begun, framing the view as conditional
• —No price targets or buy/sell calls on crypto were included