Stocks will move forward despite the recent volatility because the technicals are still in place for a good market environment, self-proclaimed perennial bull Carla Harris told CNBC on Wednesday.
"You have record low interest rates, a lot of cash on the sidelines, which makes for a great M&A environment, and you still have company performance—so far, knock on wood, as you've seen fourth-quarter performance starting to come out, the data is good," Harris, vice chair of global wealth for Morgan Stanley, told "Power Lunch."
Harris, who is also the author of the book, "Strategize to Win," and chair of the National Women's Business Council, believes there is a clear opportunity to invest in the U.S. market. While she wouldn't jump into Europe, she said there are some "opportunistic spaces around the world."
"If you have the stomach for it, I think there's enormous opportunity in Europe but there's still a lot of uncertainty, so therefore we're likely to see some downward pressure continue," she said.
She advises investors to be productive and constructive in picking investments. "Know your spots … and be opportunistic about it."