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Need to Know: A volatile summer is coming as Fed pause, debt tussle meet. Shelter in these stocks, says strategist

Onto our call of the day from the team at Evercore ISI, where senior managing director Julian Emanuel say investors should get ready for a Fed pause after one last 25 basis point hike this week. Read More...

May is kicking off with a deal for First Republic Bank, though there’s no real celebrating across Wall Street. That’s as investors face a week full of potentially market-moving events — a Fed meeting, jobs data, Apple earnings and ongoing debt ceiling negotiations.

We’re also coming off the highest level since February for the S&P 500, which closed out last week at 4,169. And obviously that “Sell in May and go away” mantra is making the rounds, with MarketWatch’s Mark Hulbert advising investors stick around, but in safer stock-market…

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