Tom Lee: Markets will move higher in March but bear market will hit later in the year

• Predicts markets will lift through March, potentially hitting S&P 500 7300, but expects a bear market (20% decline) later in the year.
• Contrarian view: Higher oil prices are good for the US stock market due to the US being an exporter and relative outperformance compared to other importing nations.
• Believes software stocks (IGV) have bottomed, with negative risks priced in and multiples contracting to 16x forward P/E.
• Maintains confidence in Bitcoin, seeing it as a store of value that is 'coming back in vogue' despite recent market turmoil.

Tom Lee provides a mixed market outlook, predicting a positive March for stocks but a bear market later in the year. He offers a contrarian view that higher oil prices are beneficial for the US stock market, and believes software stocks have bottomed. He also maintains confidence in Bitcoin as a store of value.