Despite the old adage "sell in May and go away," two experts told CNBC on Monday they were doing the opposite.
"I'm not sure that some of these old Trader's Almanac trading strategies, that were developed literally decades ago, whether they really translate into our economy and the markets today," David Nelson, chief strategist at Belpointe Asset Management, said in an interview with "Closing Bell."
"I'm still looking at stocks and if I see something I want to buy, I'm going to buy it."
Mark Luschini, chief investment strategist at Janney Montgomery Scott, is also a buyer right now.
"The thing that would worry me at this point is if I thought we were entering a recession," he told "Closing Bell."
"That's a very remote possibility, in our view, out over the next 12, possibly 18 months."
One area he likes is financials, particularly after the bank index sold off about 10 percent over the last six weeks or so, said Luschini, who noted he is more long-term oriented.
Specifically, he'd look at asset managers and custodian banks. With the Federal Reserve expected to raise interest rates a couple more times this year, this segment is much more levered to short-term interest rates than larger and universal banks, he explained.
One name he likes is PNC.