The Bank of England's first interest rate cut in seven years to combat any economic slowdown from Brexit points to a real slowdown in Europe, JMP Securities President Mark Lehmann told CNBC on Thursday.
"A lot of these moves are pointing to a slowdown in Europe and a colossal change of what we're expect over there," Lehmann said on "Squawk Box."
"I think it's going to point you back to the [United States] ... for the fourth quarter," he predicted, saying he also expects a "very good 2017" for U.S. stocks and the market for initial public offerings.
An increase of nearly $80 billion in the Bank of England's government bond-buying program, known as quantitative easing, to $573 billion was also announced Thursday.
The BOE also reduced 2017 growth expectations, citing "substantial uncertainty," after the U.K. voted to leave the European Union in June's referendum.