US stocks due for a correction -CIO

STORY: Demmert also said, "investors are super complacent, probably as complacent or even more so than than the top of each of the bear market declines we've seen, where we saw three or four over the last 16 months. So the VIX is suggesting that you know, we probably got volatility ahead."

He believes the extremely large technology stocks that have led the recent rally would lead the way lower.