If you feel the urge to take profits as stocks hit new highs, PNC Financial’s Amanda Agati has a message for you: Resist it.
According to the firm’s chief investment strategist, the market is not at peak levels.
“The worst thing that clients and investors can do with the market at current levels is pull the plug and go underweight equities,” she told CNBC’s “Trading Nation” on Friday. “There’s time left on the clock. We still think there’s room for this market to move higher.”
Her analysis came shortly after the Dow crossed 29,000 for the first time ever. It’s now up 32% since 2018’s historic Christmas Eve market drop. The S&P 500 is on fire, too — soaring almost 40% since then.