Brace for a stock-market pullback after an epic start to the year, strategist warns

ekapol/Getty Images

• The S&P 500 is likely to fall at least 5% in the coming months, one strategist predicted.
• CFRA's Sam Stovall said a pullback tends to follow a great first quarter for the benchmark index.
• On the bright side, Stovall said the S&P's full-year gain is usually over 20% after a stellar start.

Brace for stocks to take a breather and retreat by at least 5% after a breathless start to the year, one strategist warned.

The S&P 500 surged by more than 10% in the first quarter.