Tom Lee: The market has already absorbed over 90% of the selling pressure, and stocks typically bottom out within the first 10% of the war's progression.

robot
Abstract generation in progress

BlockBeats message, April 1, Tom Lee said in an interview with CNBC: “I think the market has already priced in 90% to 95% of the selling pressure. The process of selling may already be over, and now it’s time to start rebuilding a base again. I think we have to recognize that, in a war environment, the stock market often bottoms out early. We studied every war since 1900, and the stock market bottoms out within the first 10% of the war’s progress. So if this time also follows the same pattern, we are currently in the early stage of this process.

At this stage, any bit of bad news will trigger people to de-risk. But you also know this is why position sizing is worth paying attention to, because at some point, when people become overly neutral, even if things aren’t actually as bad as they could be, the market may still see a round of a V-shaped rebound.”

Tom Lee added on social media that even if the “bottom” hasn’t been reached yet, he believes the U.S. economy can withstand $100, even $120 oil.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin