“I don't think the market has factored in yet what's going to happen to the economy,” he said.
The UBS strategist is recommending investors focus on value stocks, particularly in financials and the energy sector.
Shalett advises choosing companies that can weather higher interest rates.
Kristen Bitterly, the bank's head of capital markets in the Americas, said investors should focus on quality companies.
Investors should own companies that can weather higher rates and market volatility, she said.
Malik sees the end of the rally approaching, but says there are still stock bargains.
Market projections already are building in rate hikes for next year.
Low rates make it harder for Americans to save for retirement, MetLife's chief market strategist said.
Though Brian Nick thinks post-stimulus growth has peaked, he's still optimistic on stocks.
Consumer prices are rising at the fastest pace since 2008 as the economy reopens and Americans renew spending.