'We kinda hate this market,' Wells Fargo's Chris Harvey says as stocks trade near all-time highs

  • 📰 CNBC
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

'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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

TradingNation Wells Fargo saw ZERO punishment for orchestrated fraud on their customers at the highest levels. In fact, CNBC glorified them for it Capitalism. Enjoy.

TradingNation When Dystopia comes to Wall St.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks stymied by trade talk frustrationAsian shares managed to cling near multi-month peaks on Thursday while bonds eke...
Source: Reuters - 🏆 2. / 97 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.
Source: MarketWatch - 🏆 3. / 97 Read more »