Investors should brace themselves for some profit-taking in May and June, said Bill Spiropoulos, CEO of CoreStates Capital Advisors.
“We are 12 percent away from the all-time record highs, so now is a great time to focus and rethink strategies and be mindful of risk,” Spiropoulos told CNBC.
“With volatility being so low, now is not a time to be complacent.”
Spiropoulos also noted that there have been parabolic moves in a “lot of sectors.”
“And if they do anything even dumber in Washington like fool with the debt ceiling or anything like that, we could be fairly volatile.”
CS Long/Short Liquid
TFS Market Neutral
Scorecard—What He Said:
- Spiropoulos' Previous Appearance on CNBC (Apr. 5, 2011)
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CNBC Data Pages:
Major Earnings This Week:
No immediate information was available for Spiropoulos or his firm.