Brace for a summer pullback?
Quint Tatro, Managing Director at Joule Financial, is telling clients to raise some cash. He sees a pullback in the S&P 500 to the June lows of roughly 2,700. He expects the S&P 500 to wrap up the year at 2,800. The S&P 500 currently trades near 2,840.
Meanwhile, TheStreet's Jim Cramer writes on Real Money how there's too much life support in this stock market, such as buybacks, to declare this bull market dead.