Tom Lee says war fears weigh on investors, but the U.S. economy can still stage a V-shaped recovery

Bitmine Chairman Tom Lee said in a CNBC interview that war is usually one of the risks investors fear most, yet historical data shows the U.S. economy has often been more resilient during wartime than markets expected. He said that while no one wants the United States to become involved in a war, the data points to a more complicated picture than the market’s first reaction might suggest. Periods that were widely seen as likely to trigger sharp market declines did not necessarily break economic stability, and Lee said the economy could still end up delivering a V-shaped recovery. He also argued that the current drivers of U.S. growth are no longer limited to artificial intelligence infrastructure spending. Large-scale defense spending, he said, is taking on a bigger role and is directly supporting the return of manufacturing to the U.S. as well as the broader reindustrialization process. In his view, that makes defense outlays one of the key supports for the economy at this stage.