Prediction: The S&P 500 Will Pull Back This August. Here's What History Says About the Damage.

Tom Lee's bold August forecast: S&P 500 going to 8,000

We’re only in the first week of August, but Tom Lee is already predicting a strong month for stocks.

Prediction: The S&P 500 Will Pull Back This August. Here's What History Says About the Damage.

Key PointsAugust has historically been one of the weakest months for the S&P 500, but seasonal softness has more often led to temporary pullbacks.History shows that corrections of 5% to 15% are a normal part of investing and have frequently occurred even in years when stocks ultimately finished higher.Rather than trying to time the market, long-term investors are better served by reviewing their portfolios and preparing to buy quality stocks if …

CFRA gets more bullish, hikes S&P 500 year-end target to 8,050

The firm said the revision reflects a confluence of fundamental, technical and historical factors bolstering the market.