As investors adjust their playbook for the second quarter, they should look at dividend-paying stocks, market expert Mark Luschini said Friday.
That's because with the market trying to predict when the Federal Reserve will raise interest rates, and the Fed trying to predict the economy, the market is in a delicate state and will react strongly to any news, he said.
"We expected more volatility in 2015. We had it earlier this year. We expect more of the same later this year, particularly as the Fed starts to shift its interest rate policy," the president and chief investment officer of Janney Capital Management said in an interview with "Power Lunch."
That said, he believes the market will ultimately end higher for the year, although he expects the gains to be in the mid- to single-digits at best.