It may be time to explore contrarian plays.
Wells Fargo Securities’ Christopher Harvey is telling investors the best opportunities are in the hardest hit parts of the stock market. He believes the potential rewards outweigh the risks.
“Start adding cyclicality. Start adding value. Start adding risk,” the firm’s head of equity strategy told CNBC’s “Trading Nation” on Wednesday. “This is where the major mispricings are.”
Harvey, who once referred to himself during an interview as “not a real positive guy,” believes the worst is behind the market as the country battles the coronavirus pandemic.
“We’re starting to price in a less bad scenario,” he said. “Things are getting slightly better at the…