'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.
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