Tom Lee: The market has absorbed over 90% of selling pressure; stocks often bottom in the first 10% of a war.

ChainCatcher report: In an interview with CNBC, Tom Lee said, "I believe the market has already priced in 90% to 95% of the selling pressure, and the selling process may be over—now it’s time to begin rebuilding a base. We must recognize that, in times of war, stock markets often bottom out early. We’ve studied every war since 1900, and in every case, the market has bottomed within the first 10% of the conflict. So if this follows the same pattern, we are currently in the early stages of this process. At this stage, any negative news triggers risk-off behavior. But you also know that’s why positioning matters—because at some point, once investors become overly neutral, even a slight improvement in conditions could spark a V-shaped rebound." Tom Lee added on social media that even if the "bottom" has not yet been reached, he believes the U.S. economy can withstand oil prices of $100, or even $120.