This Is Why the S&P 500 Could Be Headed to 2,350

Brace for a 3% pullback in the S&P 500.
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The S&P 500 is set to test 2,350 in the coming months, according to Sam Stovall, chief investment strategist at CFRA Research.

That would be a decline of 3% from the broad index's current level of 2,425.

The 2,350 level is a good buying opportunity, according to Stovall.

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