'There's a reason to be skeptical about stock market'- CIO

STORY: Rathbun says "the optimism that we've seen, the run up in the equity markets that we've seen, there's a reason to be skeptical." pointing to a potential for a second straight quarter of profit declines for public companies along with sticky inflation and signs that consumer spending is slowing. Consumer spending makes up nearly 70-percent of U.S. economic activity.