A market correction is on the horizon and it could happen in the next two months, an investment manager told CNBC Tuesday.
"We believe there is a certain probability for a market correction over the coming two months, however, there is no inevitability for this to happen. What would be required is a trigger," Lothar Mentel, chief executive officer and chief investment officer at Tatton Investment Management, told CNBC via email Tuesday.
Many investment managers and analysts have been talking about a market correction after the strong stock performances in Europe and the U.S. since the start of the year. The S&P 500 is up about 10 percent since January this and Europe's Stoxx 600 is up by about 3 percent year-to-date.
David Marsh, managing director of OMFIF, an independent think tank, told CNBC earlier this week: "We are approaching a peak, if we haven't reached it already, and I think we are due a correction anyway and we're going to be seeing some good reasons for that."