Gina Martin Adams, institutional equity strategist at Wells Fargo Securities, has turned a new leaf.
In 2013, she had the most bearish S&P 500 target on the street, at 1,440. This year, Adams is tied for the lowest S&P target, at 1,850, which means she expects to see a flat year. And even though the market is already trading about 6 percent above her target, she is adamant about not being a bear.
"I certainly wouldn't consider myself bearish," Adams said on Thursday's "Futures Now." "I don't think you can fight this market. I think the trend is pretty consistently higher."
But, that said, Adams still expects to see the market slide at some point in the near future.
"I think we'll have a pretty good opportunity to put some money to work here in the equity market upon a correction. You know, when that correction comes is kind of anyone's guess for now," she said, but "I think you just wait to put a lot more money to work until you get a better valuation on the equity market."
Describing her overall take on the market, Adams clarifies that "it's not a sell call, [but] it's not an outright buy call either. I think, in terms of what to buy, it's really just a call not to buy the entire market, but to buy, maybe, some of the laggards."