Sell signal just flashed for the stock market in August: Fundstrat

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A worrying sell signal just flashed for the stock market in August, says one of Wall Street's most reliable bulls

and his forecasts have made investors who followed him a lot of money. That's why Lee's warning in a Wednesday note stands out.

"Markets in holding pattern until the July jobs [report] and July CPI. But be wary," he said."Overall, we are entering August just a bit more wary than other months."

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