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Expect a period of rolling market corrections, strategist says

"We've had so many new highs, but every time we get this extended on technicals, there might be a little bit of a pullback," Liz Young, head of investment strategy at SoFi, told CNBC's "Squawk Box" Friday. "A little bit of a pullback is not necessarily a canary in the coal mine for this huge bear market, and I wouldn't want it to cause an overreaction."

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