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

robot
Abstract generation in progress

ME News, April 9th (UTC+8). Tom Lee said in an interview with CNBC today that last week, as the US-Iran conflict escalated and oil prices rose, the stock market did not fall accordingly. This is a positive sign of “decoupling,” suggesting that negative risks have been priced in early and that the market is resilient. Historically, stock markets often bottom out early in wars rather than waiting until the conflict ends.

In addition, Tom Lee said that cryptocurrencies represented by Ethereum have seen a “rolling bear market” in 70% of S&P constituents. Most individual stocks or sectors have already absorbed significant adjustments, selling pressure has basically been exhausted, and positions have been reset. This means the worst-case scenario for the overall market is very likely already behind us, leaving more room for upside. Tom Lee also reiterated his bullish view on cryptocurrencies represented by Ethereum, as well as the Mag 7, technology, industrials, and small- and mid-cap stocks. (Source: BlockBeats)

ETH-0.07%
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