'We kinda hate this market,' Wells Fargo's Chris Harvey says as stocks trade near all-time highs (via TradingNation)
Wells Fargo Securities' Christopher Harvey is looking for a signal that it's time to take risk off the table, and he expects it'll come sooner rather than later.
Those drivers included Federal Reserve interest rate policy, better-than-expected earnings and too much bearishness among investors. "What we're left with is near-term sentiment and near-term sentiment being the driver of prices," he said. "That could be based on a tweet. It could be based on positioning. And so, it becomes very difficult to handicap this market at this point in time.""We don't think the wheels are going to fall off the cart," he said. "We don't think we're going to have a 10% correction.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sarah Hyland Posted A Picture of Wells Adams Touching Her Boobs and Fans Are UpsetSarah Hyland and Wells Adams posed for a picture in the wedding booth at their friends' wedding, but people think the Instagram photo is problematic.
Read more »
Sarah Hyland’s Followers Are Fuming Over a Photo of Wells Adams Grabbing Her BoobsThis is...messy.
Read more »
Dow inches higher to another recordThe Dow Jones Industrial Average rose slightly to a new all-time high on Tuesday as investors assessed fresh economic data and new developments between the U.S. and China on trade.
Read more »
Asia stocks stymied by trade talk frustrationAsian shares managed to cling near multi-month peaks on Thursday while bonds eke...
Read more »
Trade optimism fuels new four-year high in European stocksEuropean stocks rose on Thursday for a fifth straight session, getting a boost from a report about the U.S. and China agreeing on how they would remove tariffs.
Read more »
US futures point to mixed openThe moves in pre-market trade come as investors continue to monitor global trade developments.
Read more »