Good time to be a short-term trader -adviser

STORY: Last week's rally from 14-month lows in the S&P 500 pushed the benchmark to finish May up 0.01%, while the Dow rose 0.04% for the month. The Nasdaq fell 2.05% in May.

"It's a short-term rally, not something that's apt to have long legs and to be the start - from this point - of a new bull market," said Ball of last week's stock market rally.

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