Tom Lee: Market has digested over 90% of the selling pressure, with equities typically bottoming during the last 10% phase of a war rally

BlockBeats News, April 1st, Tom Lee said in an interview with CNBC: "I think the market has already absorbed 90% to 95% of the selling pressure, the selling process may have ended, and now we can start rebuilding. I think we must recognize that in a wartime environment, the stock market tends to bottom out early. We have studied every war since 1900, and the stock market tends to bottom out within the first 10% of the war process. So, if this time also follows this pattern, we are now in the early stages of this process."

At the current stage, any bit of bad news can trigger people's risk-off operations. But you also know, this is why position sizing is worth paying attention to, because at some point, when people become too neutral, even if the situation is not that bad, the market may see a V-shaped rebound."

Tom Lee further stated on social media that even if the "low point" has not yet been reached, he believes the U.S. economy can withstand $100 or even $120 oil.