Tom Lee, speaking to CNBC, highlighted that the recent escalation in U.S.-Iran tensions and rising oil prices did not negatively impact stock markets, suggesting a "decoupling" effect where negative risks are already priced in. Lee emphasized that historically, markets often reach their bottom early in conflicts rather than at their conclusion. He noted that 70% of S&P 500 components have experienced a "rolling bear market," with significant corrections resetting positions and potentially signaling that the worst is over. Lee expressed optimism about cryptocurrencies, particularly Ethereum, and highlighted opportunities in technology, industrial, and small- to mid-cap stocks. His analysis suggests that the market's resilience could indicate greater upside potential moving forward.