Tom Lee: Market pullback may be overdue to an extent

Market Analysis - The market experienced a significant rise of 36% since the April lows [2] - Today's decline is the largest in more than 6 months [2] - A spike in the VIX indicates investors are seeking protection [3][4] - The VIX spiked at 129 basis points (1.29%), marking the 51st largest spike ever, a top 1% move indicating market seeking safety [2] - The market pullback is viewed as a buying opportunity unless there is a real structural change [3] - Forward returns are expected to be good one week and one month later [4] - The market might be 60 points higher a week from today [5] Influencing Factors - Innovation from AI, blockchain, and the Fed's easing cycle are structural tailwinds supporting stocks [7] - Potential rare earth dispute with China is a concern, but these structural tailwinds are not disrupted [7] Trading Strategy - Markets rarely bottom on Fridays, suggesting Monday could present a buying opportunity [8]