Video: This Strategist Expects the S&P 500 to Reach 2,800 by Year End

Even with the recent pullback in stocks, the S&P 500 is likely to reach 2,800 by the end of the year, according to one strategist.
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Even with the recent pullback in stocks, the S&P 500 is likely to reach 2,800 by the end of the year, according to Sam Stovall, chief investment strategist at CFRA Research.

That would imply 3.8% growth from the S&P 500's closing price on Jan. 2, 2018. The broad index currently stands a 2,656.

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