"The private sector in the United States is the economic-momentum engine—albeit slower than we all want—to the rest of the world," he said. "And if you actively manage money around that, you're going to outperform most of your peers. That's where we're saying it's a massive decoupling. It's where the buffalo roam. They should come back. The herd should come back to the United States. Hedge yourself internationally with the currency, and take advantage of this downswing that we're seeing here."
Hyzy also cited the strong cycle for the U.S. dollar.
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"It's just started," he said. "You've got Europe still on the front side of a credit cycle. And Japan's still all trying to figure it out while China's slowing down as well."
Against that backdrop, Hyzy said that the best bets were in financials, technology and energy infrastructure.
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"So, we would take advantage of dips like this," he said.