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.

Mars Finance news. On April 1, Tom Lee said in an interview with CNBC: “I think the market has digested 90% to 95% of the selling pressure, and the process of selling may already be over—now we can 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; the stock market bottoms out within the first 10% of the war’s progress. So if this time also follows that pattern, we’re currently in the early stage of that process. At this stage, any bad news will trigger people to de-risk. But you also know that this is why positions are worth paying attention to—because at some point, once people become overly neutral, even if things aren’t actually that bad, the market could still see a round of a V-shaped rebound.” Tom Lee added on social media that even if the “bottom” has not yet been reached, he believes the U.S. economy can handle $100 oil, even $120 oil.