Fidelity's Jurrien Timmer shared his market views in an interview Monday on CNBC's "Squawk on the Street."
On the tail risks: "There are always tail risks. There's always a 1 in 3 chance that the market goes down 10 percent and a 1 in 5 chance the market goes down 20 percent, but yet over the long term the stock market goes up 10 percent a year about 70 percent of the time," Timmer said. "There's always a wall of worry to be climbed. … It's nice to get this one [French election] out of the way."
Timmer is director of global macro at Fidelity Investments. He joined Fidelity in 1995 as a technical research analyst.
He also discussed:
- Corporate earnings.
- Why he's bullish on European stocks.
To watch the broadcast interview in its entirety, you must be a CNBC PRO subscriber.
