Wall Street bull worries eroding confidence will push stocks lower


One of Wall Street’s biggest bulls is bracing for more wild market swings.

With the S&P 500 and Dow off 4% from their all-time highs, Wells Fargo Securities’ Christopher Harvey is worried fear over ultra-low U.S. rates and negative rates abroad could spark another deep sell-off.

“If you have a loss of confidence with the rate market, that’s going to spill over into equities,” the firm’s head of equity strategy told CNBC’s “Futures Now ” last Thursday. “We really think rates are leading equities at this point in time… We think the rate market is exceptionally important at this point in time.”

But Harvey believes it premature to wander into the bear camp.

Harvey’s year-end S&P 500 remains…


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