The stock market isn't set up for failure if the current tax proposals fail to come to fruition, according to Brian Levitt, senior investment strategist at OppenheimerFunds.
Levitt doesn't think this year's rally in stocks was tax reform related. Instead, it was tied to earnings and synchronized global growth.
Meanwhile, Levitt sees opportunities outside the United States in emerging markets.
Watch More with TheStreet:
- Shark Tank Star Kevin O'Leary: Stocks Have No Competition
- Check Out These Insane Cryptocurrency Mining Rigs on Instagram
- Nobel Prize Winning Economist Joseph Stiglitz: Bitcoin Is a Bubble
- Why Blocking Twitter at Work Won't Make More Productive Employees