If you're thinking of putting some new money to work, you may want to avoid some multinational companies.
"Toward the end of this quarter, these multinationals ... are going to come out, and I think there is going to be a lot of negative warnings," Hickey said Wednesday.
His thoughts came hours after the Federal Reserve delivered its decision on interest rates.
Hickey said consumer discretionary will likely be one of the worst performing sectors post-fed decision.
—By CNBC's Stephanie Landsman