Global stocks have been in seesaw mode since the start of the second-quarter earnings season and the added uncertainty from events like the U.K.'s vote to leave the European Union has investors hunting for yield across various asset classes.
While yields in traditional assets across regions are at an all-time low, some analysts think the U.S. economy is making a recovery and consumers stateside may start to see some upside to their investments.
"U.S. consumers are getting their mojo back. That's actually a positive thing in the U.S.," Jim McCaughan, CEO of Principal Global Investors told CNBC.
He explained that his enthusiasm for the U.S. has shifted from technology companies to domestic small and mid-cap earning companies.
"Incidentally if you want any bit of bearishness from me I would point to technology. For the last two or three years I have been enthused by technology stocks but I think it may be a bit late to be chasing those. I think we may be getting, at least for a while, the end for the bull run for technology. So I would really be going for domestic U.S. earnings," McCaughan said.