While the S&P 500 and the Dow Jones industrial average are on pace to finish relatively flat for the year, investors should take away this silver lining, Paul Hickey, co-founder of Bespoke Investment Group, said Monday.
"What is good to be said about this year, is the market has done nothing. You've allowed for some consolidation," Hickey told CNBC's "Power Lunch."
He also said flatness in the market one year is a good sign moving forward. "These dull years have typically been followed by some nice gains later on."
S&P 500 this year
U.S. equities have had to contend with a number of factors, including falling oil prices, a rising dollar and the Federal Reserve raising rates for the first time in nearly a decade.