Wells Fargo's Samana expects a pullback before the rally's next steps

Money Life with Chuck Jaffe

Sameer Samana, senior global market strategist at the Wells Fargo Investment Institute, says that the market's recent rally appears to have run out of steam, requiring "a little bit of a breather" before the market makes more real upward progress. He expects a 5 to 10 percent pullback, with Standard & Poor's 500 using the 5,000 level as its new support level and the uptrend only being threatened if the sell-off pushes it below 4,600. Jay Zagorsky, a professor who studies the gaming industry at Boston University’s Questrom School of Business, says some $20 billion will be gambled on March Madness this year, with a record number of participants placing some type of wager thanks to rapid growth in legalized gaming. Matt Schulz, chief credit analyst at LendingTree, discusses his just-released new book, "Ask Questions, Save Money, Make More: How to Take Control of Your Financial Life," and Elliott Gue, editor of the Energy & Income Advisor newsletter is talking income-generating stocks in the Market Call.