Fundstrat's Tom Lee predicts that despite geopolitical tensions, the stock market will still rise in March. He stated that the most severe sell-off related to the war could occur this week. He believes that such events will not change the fundamentals of the U.S., and the market typically rebounds after the initial sell-off. Lee pointed out that the VIX index has risen over 5%, but he believes that the "Magnificent 7," software, and cryptocurrency sectors are showing early signs of weakness and are approaching or have already bottomed out. He thinks that the claim that the software sector has fallen to April 2023 levels is an overreaction.
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Fundstrat's Tom Lee predicts that despite geopolitical tensions, the stock market will still rise in March. He stated that the most severe sell-off related to the war could occur this week. He believes that such events will not change the fundamentals of the U.S., and the market typically rebounds after the initial sell-off. Lee pointed out that the VIX index has risen over 5%, but he believes that the "Magnificent 7," software, and cryptocurrency sectors are showing early signs of weakness and are approaching or have already bottomed out. He thinks that the claim that the software sector has fallen to April 2023 levels is an overreaction.