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Market strategist Tom Lee warns of a pending S&P 500 bear market, predicting the index may reach 7,300 in March before a downturn later this year.
Lee explains that oil price increases benefit the U.S. economy due to exports, relative growth, and increased flows into U.S. markets. Despite this, he advises caution, noting that markets often overreact to positive news.
Current S&P 500 is at 6,672, with oil priced at $95.63 per barrel.