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Power Play: Not the end of a bull market

A trader works on the floor of the New York Stock Exchange.
Getty Images
A trader works on the floor of the New York Stock Exchange.

The summer has not been a good one for stocks, with the Dow falling nearly three-percent and the Nasdaq dropping almost one-percent.

Liz Ann Sonders, chief investment strategist at Charles Schwab, tells CNBC's "Power Lunch" on Tuesday investors shouldn't panic.

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"The risk is likely just of a cyclical pull-back or correction, not the end of what I think has been a secular bull market," Sonders said.

She also believes heightened anxiety is good.

"The best thing the market has going for it is the persistence of skepticism and how quickly investors move down into the pessimistic territory of various sentiment indices," Sonders said.

The Dow, Nasdaq, and S&P 500 are modestly lower during trading.