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Power Play: Year-end sectors to avoid

Trader on the floor of the New York Stock Exchange.
Brendan McDermid | Reuters
Trader on the floor of the New York Stock Exchange.

Stocks are sliding on Thursday, with the S&P 500 joining the Dow in negative territory for the year.

Craig Columbus, CEO of Tower Square Investment Management, tells CNBC's "Power Lunch" on Thursday the market can still be positive this year, but it will be choppy for the next few weeks. He is not adding new money to U.S. equities and is avoiding emerging markets.

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"Wait before buying the commodity complex," Columbus said.

John Buckingham, chief investment officer of AFAM Capital, believes you have to be diversified right now and stick with value stocks.

"We are modestly underweight the S&P 500 in financials, health care and utilities," Buckingham said.

WTI and Brent crude are down nearly three-percent during trading, while emerging markets are off slightly. Financials, health care and utilities are lower as well.