BULLISH: Tom Lee Says Market Likely Bottomed Last Week as Stocks Rally Despite Bad News

Tom Lee believes the stock market likely reached its bottom last week, with Fundstrat highlighting two encouraging signals suggesting the recent selloff may be over.
- Despite negative headlines involving Nvidia ($NVDA) and Texas taking action against Elon Musk's companies, the affected stocks have continued to rally.
- The VIX term structure, which inverted last week, has now returned to normal, a development that often accompanies market bottoms.
The market's ability to rise despite negative news reinforces Lee's view that last week's lows may have marked the bottom.