Tom Lee Predicts V-Shaped Recovery Amid 9% S&P Decline to 5,396, Says Trump Can Tolerate Damage Before April 9

Tom Lee, co-founder of Fundstrat, has made several recent statements regarding the stock market's trajectory. He indicated that he does not foresee much more downside from current levels, suggesting a potential for a V-shaped recovery. Lee's comments come in the context of a significant drop in the S&P 500, which closed at 5,396, reflecting a 9% decline since February 28, when it closed at 5,954. He mentioned that while President Trump can tolerate some stock market decline before April 9, he is not looking for a market crash. Lee's predictions have drawn scrutiny, particularly regarding his assertion of a 'face-ripping rally' starting on April 2, a claim that has been met with skepticism given the recent market performance.