Investors need to brace themselves in the coming months because things are going to get rocky for the stock market, financial planner Rene Nourse said Friday
"This summer is going to be ugly," the CEO and founder of Urban Wealth Management said in an interview with CNBC's "Closing Bell."
"I've never been in the corner of 'sell in May and go away' but I've had to change my tune this year."
While stocks rallied Friday, the major averages took a hit this week amid renewed concerns about a Federal Reserve rate hike sooner rather than later. The Dow Jones industrial average posted its first four-week losing streak since 2014.
Minutes from the Fed's April meeting show it will likely raise rates in June if economic data points to stronger second-quarter growth as well as firming inflation and employment.