Summer Months Will Bring Choppy Trading for Stocks, Says Strategist

June brings a lot of potentially risky events for the stock market, and investors should be cautious heading into the new month.
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June brings a lot of potentially risky events for the stock market, and investors should be cautious heading into the new month, according to Anthony Valeri, investment strategist at LPL Financial. Valeri is bullish on equities for the remainder of the year, saying negative headwinds from oil prices and the dollar are starting to fade. He expects the summer months will bring choppy trading, but doesn't see any sort of correction ahead. Valeri says he's leery of interest-rate sensitive stocks, like utilities. He favors traditional growth sectors like technology, and also is bullish on healthcare and consumer stocks. TheStreet's Rhonda Schaffler has details from Wall Street.