According to the analyst Fundstrat Global Advisors - Tom Lee (included in the top experts with high precision forecasts in the last 7 years - August can be a terrible month for US stocks - by AMarkets materials.
Lee believes that the shares will drop in August.
As an argument the expert cites the following data:
• Since August 2009, and every year in every 8th month, S & P 500 fell by an average of 6%.
• The likelihood of the index falling in the current year even stronger than average values as bond market has become more volatile in July, than the stock market. Very often (in 68% of cases), when it turns out, this situation, the stock market falls in the following month.
However, Lee said that after the August drawdown market will begin to recover in September. And even expert calls good point for the August-September entry in the action - when the S & P will be at the level of 2100. By itself, the drawdown may be small, 2-3%. And at the time of drawdown is not necessary to panic and sell portfolio.