Large-cap growth stocks, especially in the technology sector, are where investors ought to be putting their money right now, according to Jason Trennert.
Trennert is chief investment strategist and managing partner at Strategas Research Partners LLC.
"I think investors should really increase their bets toward growth, as growth becomes less abundant," he told CNBC. "One of the things that I find interesting about the market today is that tech is down a lot. I think it's already pricing in recession."
Other sectors, such as materials, have not yet been driven down as far.
"The other thing that's interesting about technology is that from a balance sheet perspective, it has very little debt and is loaded with cash," he said. "Tech is not going to have to go into the credit markets in a deep way, so it can fund a lot of its expansion, whereas some of these other industries may not be able to."
Trennert is still very selective about financial stocks.