Brian Kelly of Brian Kelly Capital looked to bonds.
"In this environment and in many, I use an approach where I balance the portfolio between bonds and equities and use leverage to up the bond part of it, particularly in this situation," he said, recommending the iShares 20+ Year Treasury Bond exchange-traded fund.
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Kelly explained why:
"In and of itself, it actually has some very good things going on for it. You have the yield differential. The interest rate differentials from the rest of the world should bring money into TLT, into U.S. bonds," he said. "If the dollar goes higher and you start to see those flows into the U.S., that'll also help TLT. And I think the Fed's on hold for a long, long time."
Private Advisor Group's Guy Adami said he was focusing on a different direction.
"It's been famously said, 'The best defense is a good offense.' I think you've got to play offense here," he said.
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Palo Alto Networks was Adami's pick for its past performance and Symantec's announcement that it would split into two.
"This Symantec news is going to put the spotlight fully on these cybersecurity names," he said. "This has been a good name to buy. I think it continues to be one."