Markets are making what looks like a bottom, says Fundstrat's Tom Lee

• Markets are taking scary geopolitical headlines much better than expected, suggesting a potential bottom.
• Signs of a clean bottom would include the VIX spiking over 40 and then retracing, or gold selling off while stocks turn green on bad news.
• The 'AI trade' (Mag 7, software, cryptos) is outperforming, showing leadership and good fundamental stories despite global trade disruptions.

Fundstrat's Tom Lee suggests that current market behavior, despite scary headlines, indicates the makings of a market bottom. He highlights the market's resilience to negative news, the potential for opportunities, and the continued strength of the AI trade and Magnificent 7 tech stocks.