Craig Columbus of Tower Square Investment Management said Monday that the worst-performing sector in 2015 will be profitable next year.
"We are now at peak energy pessimism. If you look at commodity bear-market cycles, they typically last 20 years, but most of the price damage is done in the first six years. We've had five consecutive negative commodity-priced years," the firm's CEO told CNBC's "Power Lunch."
The energy sector of the S&P 500 has fallen over 20 percent in 2015, by far the biggest laggard among the 10 sectors.