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Power Play: Getting back in the market

Traders work on the floor of the New York Stock Exchange.
Lucas Jackson | Reuters
Traders work on the floor of the New York Stock Exchange.

Many investors are sitting on the sidelines as the bulls and the bears duke it out.

But despite increased market risks, Mark Luschini, chief investment strategist at Janney Montgomery Scott, tells CNBC's "Power Lunch" on Tuesday it's still better to stay invested.

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"I feel that some opportunity remains in the large-cap space, especially in the dividend payers, despite the prospect of a rate tantrum. Ultimately, this is a better alternative for investors than doing nothing or just seeking returns from bonds," Luschini said.

However, Luschini warns investors should be prepared for a bumpy ride. "While growth stocks have performed well, they aren't cheap. If they receive less-than-perfect news, you better prepare for some downside volatility," Luschini said.

Large-caps are up more than seven percent over the past year, but are down one percent year-to-date.