Wall Street set for breather after post-election rally

"We had a pretty sharp rally off the election and it was pretty impressive, but it seems pretty clear to me that sort of emotional reaction, if you will, is now long off," said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas. The Fed will hike rates in December barring any major shocks, policymaker James Bullard said, adding that a single rate increase may be enough to move monetary policy to a "neutral setting". The Dow has risen 3.2 percent and cl