Watch CNBC's full interview with Charles Schwab's Jeffrey Kleintop and Columbia's Anwiti Bahuguna

Jeff Kleintop, Charles Schwab chief global strategist, and Anwiti Bahuguna, Columbia Threadneedle head of multi-asset strategy and senior portfolio manager, join 'Squawk on the Street' to discuss how much of the recent stock market bounce is warranted, where assets are most favorable and more.