There are some “mustard seeds” out there for investors, Tom Lydon of ETFTrends.com told CNBC.
“You don’t have to be bearish on everything," said Lydon. "You have to pick your spots, go with the strengths.”
He said investing ideas like China, value retailers and technology have been doing “really well for the first time in a long time.”
However, Lydon cautioned investors to avoid areas that may continue to “have potholes down the road.” In particular, he pinpointed financials, homebuilders and auto sectors.
“Those areas that are having trouble [now] will probably continue to have trouble down the road,” he said of the industries.
No immediate information was available for Tom Lydon or his firm.
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