The economic recovery is happening and you'll want to be long the cyclical sector: Binky Chadha

Binky Chadha, Deutsche Bank chief global strategist and head of asset allocation, joins 'Power Lunch' to discuss how he's watching markets on Election Day and the market outlook past the election. You don't want to take too much away from yesterday and today in the markets, says Chadha. Over the last three months, we've seen massive fluctuations in the market. I'd say we're in the middle of the third wave of repricing, he adds.