Why One Money Manager Is Telling Clients to Raise Cash Right Now

Time to brace for a summer pullback?
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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.

He's fond of high yielding pharma stocks like Pfizer (PFE) - Get Report , Merck (MRK) - Get Report and Eli Lilly (LLY) - Get Report .

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.