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Power Play: U.S. vs. global markets

Investors observe stock market at a stock exchange hall in Nanjing, Jiangsu Province of China.
ChinaFotoPress | Getty Images
Investors observe stock market at a stock exchange hall in Nanjing, Jiangsu Province of China.

Even though global markets look attractive with central bank easing around the world, the best strategy may still be investing in the U.S.

Edge Asset Management President Jill Cuniff tells CNBC's "Power Lunch" on Tuesday she is bullish on U.S. equities.

"The economic environment in the EU is fragile, as evidenced by Draghi's confirmation that the ECB is still open to QE. Japanese QE has boosted profits and stocks, however the consumer continues to be constrained. Monetary stimulus alone is not enough to propel economic growth. They also need structural reform," Cuniff said.

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She also believes a Fed rate hike will put pressure on emerging market economies.

John Canally, investment strategist and economist at LPL Financial believes China will do everything in its power to avoid a hard landing and there are some global opportunities right now.

"We recommend investors focus allocations in the U.S., while maintaining a modest emerging markets allocation despite slower growth and stock market volatility in China. We have become increasingly positive on developed foreign markets as overseas economic growth has improved and are looking for opportunities to add exposure," Canally said.

China and Japan closed lower on Tuesday, while the Dow, Nasdaq and S&P 500 are higher during trading.