Tom Lee Discusses Market Resilience Amid Geopolitical Tensions

On April 9, Tom Lee shared insights during an interview with CNBC regarding recent geopolitical tensions and their impact on the stock market. According to BlockBeats, Lee noted that despite the escalation of conflict between the U.S. and Iran and rising oil prices last week, the stock market did not experience a downturn. He described this as a positive 'decoupling' sign, indicating that negative risks have been priced in advance, showcasing the market's resilience. Historically, stock markets tend to bottom out early in wartime rather than waiting for conflicts to end. Lee also mentioned that 70% of the S&P 500 components have undergone a 'rolling bear market,' with most stocks or sectors experiencing significant adjustments. He believes that selling pressure has largely dissipated, and positions have been reset, suggesting that the worst may be over for the overall market, leaving more room for upward movement. Furthermore, Lee reiterated his optimism for cryptocurrencies like Ethereum, as well as the Mag 7, technology, industrial, and small-cap stocks.