Bruce McCain, chief investment strategist at Key Private Bank, tells CNBC's "Power Lunch" on Monday July's rally was somewhat ahead of fundamentals.
"That increases the probability of a corrective pullback. The fact that one seems due during one of the year's worst months makes it more likely," McCain said.
"Accenture is seeing solid growth across its operating groups [with] particularly strong growth in its digital, cloud and security businesses," McCain said.
Accenture is flat during trading, but is up 8 percent year-to-date.