Tom Lee: Market will think less about Iran crisis and more on opportunity in back half of the year

• Tom Lee is not changing his S&P 500 price target of 7700, viewing it as a conservative estimate.
• He suggests that 'wars are going to be good for the US economy and the US stock market' and that the market will eventually focus on opportunities.
• Lee believes investors have already de-risked, citing a 'rolling bear market' in energy, financials, and tech/software sectors, and historical market behavior during major war events.

Tom Lee of Fundstrat maintains his S&P 500 price target of 7700, believing the market will shift its focus from the current crisis to opportunities in the latter half of the year. He argues that historical patterns show markets bottoming early in conflicts and that a 'rolling bear market' has already led to significant de-risking across various sectors.