Tom Lee: Markets Often Reach Their Bottom Early in Wars, Not After

Huoxing Finance reports that on April 9, Tom Lee told CNBC that last week’s escalation in U.S.-Iran tensions and rising oil prices did not lead to a decline in stock markets—a positive sign of “decoupling,” indicating that negative risks have already been priced in and that markets are resilient. Historically, stock markets often bottom out early in wars rather than waiting until their conclusion. Additionally, Tom Lee noted that 70% of S&P 500 components have already experienced a “rolling bear market,” with most individual stocks or sectors undergoing significant corrections, exhausting selling pressure and resetting positions. This suggests that the worst of the broader market may already be behind us, leaving greater upside potential. Tom Lee again expressed strong optimism toward cryptocurrencies like Ethereum, as well as the Mag 7, technology, industrial, and small- and mid-cap stocks.