The stock market may have gotten a little bit ahead of itself, but there are still a couple of "real tail winds" ahead in 2017, investment expert Brad McMillan told CNBC on Thursday.
For one, earnings are back in positive territory and will probably grow faster, he said. Plus, valuations are heavily correlated with consumer confidence, and that is rising, he added.
"If you look at the market as a whole, you actually might get a double whammy. It could turn out to be a very, very good year so we're not all that concerned about any short-term possible pullbacks," the chief investment officer of Commonwealth Financial Networks said in an interview with "Power Lunch."