Investors shouldn't worry as much about global "noise" and should instead focus on the market's long-term trend, money manager Jason Pride told CNBC on Monday.
Pride, director of investment strategy at Glenmede, blamed the market's seesaw action on news out of Greece and China. On Sunday, China's central bank lowered the reserve requirement ratio for all banks by 100 basis points.
"You kind of have to put on the blinders a little bit to all of the noise that's going on around the world," Pride said in an interview with "Power Lunch."
Because the markets take it day to day, "sometimes it's very easy, particularly in light volumes, for the markets to get carried away on near-term indications," he said.
However, "there's an ongoing economic expansion, an ongoing profit expansion and stocks will ultimately follow that."
However, while Pride still has large holdings in the United States, right now he's eyeing Europe and Asia because valuations in the U.S. have gotten "a little bit" expensive.
"The fundamentals are just now getting in place, particularly in Europe, and therefore we want to overweight that at this point in time because you've got both things in line: Valuations and fundamentals are turning in the right direction," he said. "It's not a slam dunk but it's better than what we see in the U.S."