Clark Capital Management's Sean Clark says the market is in a bottoming process, a process that takes time, and nothing that Treasury Secretary Tim Geithner may say is likely to speed it up.
"The S&P 500 is 10 percent above its November low; both the Nasdaq and the Russell 2000 are 15 percent above their lows, in spite of all the negative news that's come out," he pointed out to CNBC. "I think the market is discounting better things to come in the second half of the year."
So where does Clark think that should position a portfolio?
"We favor growth over value; we're overweighted in technology and health care," he said.
He's also looking at some early cyclicals, such as materials and steel.
- Learn more: Watch the entire Clark interview
Disclosure information for Sean Clark was not immediately available.