Tom Lee: The stock market often hits bottom early in a war, bullish on Ethereum and tech stocks

Gate News update, April 9, when well-known analyst Tom Lee said in a CNBC interview today that last week’s escalation in the U.S.-Iran conflict and the rise in oil prices did not trigger a corresponding drop in the stock market. This is a positive sign of a “decoupling,” suggesting that negative risks have been priced in early and that the market is showing strong resilience. Historically, stock markets often bottom out in the early stages of a war rather than waiting until it ends.

In addition, Tom Lee said that 70% of S&P component stocks have already gone through a “rolling bear market.” Most individual stocks or sectors have already absorbed significant pullbacks, selling pressure has largely been exhausted, and positions have been reset. This means that the worst-case scenario for the overall market is very likely already behind it, leaving more upside room.

Tom Lee also reiterated his bullish view on crypto currencies represented by Ethereum, as well as the Mag 7, tech, industrials, and small- and mid-cap stocks.