War What? Tom Lee Declares the Bottom Is In While Oil and Chaos Rage On

BitMine's chairman Tom Lee has made a bold proclamation: the stock market has bottomed, and he's expecting a rally back to all-time highs. The contrarian take came during a CNBC interview, where Lee argued that recent price action combined with signs of warde-escalation signal green lights for recovery. Basically, he's saying buy the dip while the world burns—or at least while it burns a little less aggressively.

Lee pointed to last week's trading as the key turning point. Stocks held steady even as the war intensified and oil prices climbed—a scenario he described as a good precondition for bullishness. Imagine that: markets basically shrugging at geopolitical chaos like it's just another Tuesday in the group chat.

"I think the bottom is in…because last week was a period where the war was getting worse and oil was going up, but stocks weren't going down," Lee said. Classic contrarian energy—the man is out here betting that markets have already priced in World War III and that's somehow bullish.

With de-escalation signals emerging, Lee suggested that "stocks are now in the process of going back to their all-time highs" and forecasted the S&P 500 might "get to that 7300 that we were expecting this year." Call him optimistic, call him delusionally bullish, but at least he's committing to a thesis.

Lee added that the market has already endured a rolling bear market—first hitting energy and financials last year, then the Mag-7 and software sectors this year. Roughly 70% of the S&P 500 has already weathered a bear market cycle, he noted. That backdrop suggests any summer lull may be shallower than feared, especially since the index has already pulled back by 8%. Basically, most of the pain has already been absorbed like a crypto winter that just won't end—but somehow we're still here, still degenerate-trading.

"I think there's an inflation shock still coming. The broadening is taking place—I think more investors are going to buy US because the US has proven its resilience in this wartime period. Plus, the US makes more money in a war. But the broadening is that more US stocks rise," he added. Nothing says "American exceptionalism" quite like profiting from global instability—peak vibes.

Seasonality also points to a favorable outlook. Over the past 25 years, the MSCI World Index has delivered positive returns in April 75% of the time, with an average monthly gain of 2.0%—the strongest of any month. The S&P 500 tells a similar story, averaging a 1.3% gain in April since 1928, making it the second-best month of the year, trailing only July. So basically, if you're going to yolo, April is historically the month to do it.