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Stocks have further to climb over the next year because of strengthening fundamentals and improved sentiment, Kate Moore of JPMorgan Private Bank said Tuesday.
"There's still some pockets of value left," she said. "Look, we don't think the market's particularly expensive. I think most of the multiple expansion we've seen in the U.S. this year has come from people feeling like the tail risks are off the table, having more clarity on the macro outlook and the policy outlook.
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"And frankly, I'm really getting more confident that the corporate fundamentals will continue to be strong. So, we think the multiple expansion is justified. We think where we're sitting right now feels very comfortable, and we like being long."