Brace for Profit-Taking in May & June: Strategist

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.”

Spiropoulos Likes:

CS Long/Short Liquid

TFS Market Neutral

Scorecard—What He Said:

  • Spiropoulos' Previous Appearance on CNBC (Apr. 5, 2011)

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No immediate information was available for Spiropoulos or his firm.