Tom Lee: Latest market action is healthy and won't derail the tech trade

• Current market jitters and selling in tech/semiconductors are healthy consolidation ahead of the large SpaceX IPO.
• SpaceX's $75 billion IPO and Nasdaq 100 inclusion are causing institutional funds to raise cash by selling recent winners.
• The tech-led uptrend is expected to continue, with dips seen as buying opportunities, despite potential future turbulence from Fed actions, lock-up expirations, and oil shortages.

Tom Lee views the current market jitters and selling in tech and semiconductors as a healthy consolidation phase, largely driven by positioning ahead of the SpaceX IPO. He believes the tech-led uptrend remains intact and dips will be bought, despite anticipating potential pullbacks later in the year due to Fed policy, lock-up expirations, and oil shortages.