Why this investor thinks the market hasn't hit the bottom yet

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CNBC's "Halftime Report" team breaks down how they view the market action of the trading session and how they've positioned their portfolios. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

U.S. stocks climbed on Monday, building on a recent rally to record levels as investors remained optimistic about further Covid stimulus and an economic recovery.

The Dow Jones Industrial Average rose 150 points to a fresh all-time high in its longest winning streak since August. The S&P 500 gained 0.5% to reach a record high. The Nasdaq Composite advanced 0.6%, also hitting a new intraday record.

The Russell 2000 jumped 1.8% to another record high, after gaining 7.7% last week for its best weekly performance since June. The small-cap benchmark has surged more than 15% in 2021 as investors flocked to beaten-up value names amid rising hopes for a fast rebound in the economy.

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