The rally of the past two days seems to be policy rhetoric driven, Kate Moore, chief investment strategist at JP Morgan Private Bank, said in an interview with CNBC.
The comments came as stocks attempted to make gains Thursday and Friday, after the worst three-week losing streak for all three major averages. Many market watchers have attributed the current volatility to diverging economic policies and fears of a global recession amid low oil prices.
"Every time there's good news from a policy maker, or a promise, markets breathe a sigh of relief," Moore told "Power Lunch" on Friday.
"I want to see the next leg in equities really coming from confidence in the fundamentals."