Tom Lee: It is expected that the US stock market will enter a bear market this year, but before that, it will first set a new high According to BlockBeats, on March 16th, in a recent interview with CNBC, Tom Lee stated that he believes the S&P 500 index will continue to rise in the coming weeks after experiencing narrow fluctuations for most of the year so far. But the US stock market will enter a bear market this year, although it will climb to a new record high before that. Lee warns that bearish investors in the stock market may make a full push towards the end of the year. Our view is that we do expect a decline to occur when the market no longer responds to good news. So I believe we are in a period where software stocks, the 'Big Seven' in the US stock market, and cryptocurrencies have already experienced bear markets. I think this has squeezed out a lot of speculation. So for me, our judgment is that the market will actually rise before the end of the month, close up in March, and perhaps reach 7300 points. Later this year, we think a bear market may emerge Speaking of oil, Lee explained why the surge in oil prices is positive for the stock market. Firstly, the United States is an oil exporter, so our economy will benefit net from rising oil prices. Secondly, other countries are importers. Therefore, not only does the United States perform better on its own, but it should also perform well on a relative growth basis, which means that funds will flow back to the United States. Thirdly, as you mentioned for all the reasons, when we worry about global growth and growth becomes scarce, people will buy growth stocks. The US stock market is a growth index, so funds will flow back to the United States from other parts of the world. So I think this is a revolving story