“The worst thing customers and investors can do with the market at the current level is to pull the plug and buy underweight stocks. There is still time on the clock. We still believe that this market can still grow. "
This is PNC financial strategist Amanda Agati, who recently outlined her mostly optimistic stance in an interview with CNBC.
"We actually have a pretty good outlook for 2020," she said. "I would like to see this rally take a little break or slow down … just to catch up on the basics. However, we think 2020 will be a pretty solid year."
Agati's optimistic view hit shortly after the Dow Jones Industrial Average
During the session on Friday, 29,000 points were achieved for the first time.
The blue chip index finally closed in three digits.
"It can be very painful to become defensive too early," said Agati. "We had a handful of ways to actually do this since December 2018, and it would have been a mistake."
Selling now, she warned, would mean missing out on what she expects will be a first half of the gains accelerated by better fundamentals and earnings growth. However, the second half will likely be more volatile in the election, she said.
Until the ball falls in 2020, Agati sees a 10% rally for the year.
"Even if it may not be 30% from a return perspective," she said, "we still believe we can get a pretty solid result."
Watch the interview: