Stock markets bottom in the early stages of military conflict, says Tom Lee. Here's what the strategist expects now.

Adjusted for inflation, oil prices are now less than half of their July 2008 peak of $144, implying a >50% real decline versus that peak. Technical indicators cited by Lee suggest risk assets are primed for a bounce, signaling a modest bullish tilt for equity/commodity positioning.

Analysis

Adjusted for inflation, oil prices are now less than half of their July 2008 peak of $144, implying a >50% real decline versus that peak. Technical indicators cited by Lee suggest risk assets are primed for a bounce, signaling a modest bullish tilt for equity/commodity positioning.