Steep Rally in Stocks After Trump's Win Runs Risk of Pullback: Liz Ann Sonders

The speed at which stocks surged after Donald Trump's presidential win runs the risk of a pullback, according to Charles Schwab's (SCHW) - Get Report chief investment strategist Liz Ann Sonders. "I think the market probably has it right directionally - it's just a magnitude question, which is where I think you run the risk that you get a bit of a pullback just because of the speed with which we've gotten to new highs," she says. The Dow Jones Industrial Average closed at record highs last Thursday and Friday, as well as Monday as investors hoped for tax cuts and infrastructure spending under a Trump administration. TheStreet's Scott Gamm reports from Wall Street.