Only Fools Rush In

About: SPDR S&P 500 Trust ETF (SPY)
by: Eric Parnell, CFA
This article is exclusive for subscribers.

The stock market continues to soar to new all-time highs on a daily basis in July.

You may be watching stocks run and feeling like you need to chase this market higher before it runs completely away.

Just as markets do not fall in a straight line lower, they also do not rise in a straight line higher.

You are likely to get a solid pullback before the month of August is out if history is any guide.

Summer Lovin'

The U.S. stock market is no stranger to rallying in the month of July. Going back over the past 25 years of market history, we have seen 13 instances, or more than half