August is a tricky month for stocks.
Remember the U.S. credit rating downgrade in 2011? The sharp declines in 2013 and the flash crash on 2015?
Stocks are long overdue for a correction but even if a pullback comes this month, there’s no need to make any major changes to your strategy, according to Alex Kenjeev, president of O’Leary Ventures.
He said the longer-term picture warrants higher stock prices including better than expected earnings and job growth.
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