“I think that what we need to be buying right now are areas of the market that have already adjusted and corrected for this economic slowdown we’re talking about. That leads you to one obvious area, which is the financials, an area that I’m positive on. Another area to consider here would be a lot of areas in small caps. We’ve seen a lot of sector rotation away from small cap stocks, and it’s not well known to everybody, but small caps hit a bear market last month in the broader market selloff.”
Craig Peckham, Jefferies & Co.