European markets have outperformed the U.S. this year as investors embrace the beginning of quantitative easing overseas, but one veteran strategist tells CNBC's "Power Lunch" on Tuesday that's not a wise move.
"I don't believe that the European QE experiment will succeed. QE didn't deliver on its promise here in the U.S. so why would anyone expect a different outcome in the euro-zone, an economic amalgamation much more complicated that of the U.S.," said Robert Pavlik, chief market strategist at Boston Private Wealth.
Pavlik believes there are fundamental problems in Europe that must be resolved. "QE will not resolve the issues faced by the struggling economies of Europe but will instead only serve to lift the prevailing economy of Germany," Pavlik said.
He's advising investors to bet on the U.S. rather than Europe. "The U.S. consumer will find themselves with slightly more discretionary spending funds and their confidence will be lifted by a slightly better employment picture," Pavlik said.