The recent pullback in the U.S. stock market during the month of August is not a surprising development, according to Tom Lee of Fundstrat. However, the 5.6% slide in the S&P 500 has been worse than usual for this time of year. Despite this, Lee believes that the pullback will likely be a temporary phenomenon. In his analysis, he explores the reasons behind the decline and offers insights into what it would take to turn it into a more significant rout.
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