Koch, who is global head of client portfolio management and business strategy at Goldman, also advises her clients to look outside the United States for opportunity in both developed and emerging markets.
However, Paul Hickey, co-founder of Bespoke Investment Group, told “Closing Bell,” that it is hard to tell people to fight such a strong U.S. market.
“Investors are far from complacent,” he said. “Investor sentiment polls are still showing a skittishness toward the market.”
He expects the fourth quarter to be strong.
“The market’s rallied in spite of Washington all year and I think there’s been zero chance of tax reform priced into the market up until the last couple of days,” Hickey said. “If we do start to see some tax reform make headway … that could only be taken as a positive for the market.”
— CNBC’s Evelyn Cheng and Reuters contributed to this report.