Charles Schwab Chief Investment Strategist Liz Ann Sonders says the recent rise in bond yields doesn’t mean stocks are headed for trouble. When rates start to rise, Sonders says, “the real bite on stocks” typically doesn’t hit for “quite some time”. Sonders — who says it’s tough to say whether the recent increase in yields is the start of a longer-term trend, notes that we are also in unprecedented territory because of the Federal Reserve’s massive interventionist policies, making it harder to tell what happens from here. She also says that given the market’s rise this year, we could be in line for a near-term pullback, though she doesn’t think it will be a particularly big one.