U.S. stocks gaining 250 points Monday, as the markets reacted to some positive corporate earnings and China's move to stimulate its economy.
Jason Pride, director of investments at Glenmede, told CNBC's Power Lunch Monday that he is putting more money to work in overseas markets instead of the U.S.
"While we still have a large holdings here, valuations in the U.S. have gotten a little expensive, Pride said. "There's great opportunity in Europe and Japan, and therefore we want to overweight that. It's not a slam-dunk, but better than what we see in the U.S."