Despite the recent turbulence in the market, one strategist is sticking by his bold call that the S&P 500 will end the year at 2,225.
That's more than 10 higher from its current level.
"What you're seeing the last couple of weeks is a bottoming process," Julian Emanuel, U.S. equity and derivatives strategist at UBS, said Thursday.
"People are waiting for conditions to get better and the money will come in. There's a very pronounced tendency for fourth quarters to be good because people do look ahead to the next year, where we see an earnings recovery that's going to drive the market higher."
That said, investors should get used to volatility because it's going to continue, he told CNBC's "Power Lunch."