With the major indices lower after having their highest closes of 2016 on Wednesday, investors are wondering if the recent rally will continue.
Rich Saperstein, managing director and chief investment officer of Treasury Partners at HighTower, told CNBC's "Halftime Report" that while there are a lot of underlying reasons to be cautious right now, investors should stay in the market.
"You are on the dance floor to some extent, but you are dancing closer to the door," said Saperstein. "You want to be able to have protection. You want to have exposure for market melt-ups like this, but ultimately in the next six to 18 months, we will have reconciliation, primarily with the zero-to-negative interest rate environment that we are seeing."