Tom Lee: Capital markets often bottom out early in the war, rather than waiting until it ends.

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ME News message, April 9 (UTC+8). In a CNBC interview today, Tom Lee said that last week the situation between the U.S. and Iran escalated and oil prices rose, but the stock market did not fall along with it. This is a positive sign of a “decoupling,” suggesting that negative risks have been priced in early and that the market’s resilience is strong. 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 constituents have already gone through a “rolling bear market,” and that most individual stocks or sectors have already absorbed significant pullbacks; selling pressure is largely exhausted and positioning has been reset. This means the worst case for the overall market is very likely already behind it, leaving more room for upside. Tom Lee once again reiterated his bullish view on cryptocurrencies represented by Ethereum, as well as the Mag 7, technology, industrials, and mid- and small-cap stocks. (Source: BlockBeats)

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