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 progression.

ZkProver · 2026-04-01T06:12:28+00:00

Tom Lee said in an interview with CNBC that the market has digested 90% to 95% of the selling pressure and may be close to bottoming out. His research into history shows that the stock market usually bottoms early in a war, and he believes that we may currently be in that stage. He mentioned that any bad news could trigger risk-on behavior, but the market could also experience a V-shaped rebound. He believes the U.S. economy can withstand oil prices reaching $100 to $120.

ZkProver

2026-04-01 06:12:28

Abstract generation in progress

ChainCatcher message: Tom Lee, in an interview with CNBC, said, “I think the market has already digested 90% to 95% of the selling pressure. The sell-off process may already be over, and now we can start rebuilding the base. I believe we must recognize that in a war environment, the stock market often bottoms in the early stages. We studied every war since 1900; the stock market bottoms during the first 10% of the war’s progress. So if this time also follows that pattern, we’re currently in the early phase of this process.

At this stage, any piece of bad news will trigger de-risking. But you also know that’s why positioning is worth paying attention to, because at some point, when people have become overly neutral, even if things aren’t that bad, the market could still see a round of a V-shaped rebound.”

Tom Lee added on social media that even though the “low point” has not yet been reached, he believes the U.S. economy can handle $100, even $120 oil.

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