The recent turmoil in emerging markets will not spur a major economic crisis and the unrest in EM markets is actually beneficial to U.S. stocks, says Rich Saperstein, Principal at Treasury Partners at HighTower. The problems in places like Turkey and Argentina will ultimately cause investors to return capital back to the U.S., according to Saperstein. This flight to safety is causing Treasury yields to fall which gives the Federal Reserve the cover to continue its tapering strategy, says Saperstein, who is overweight the health and technology sectors.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

More from Emerging Markets

U.S. Considers New Tariffs on Imported Vehicles

U.S. Considers New Tariffs on Imported Vehicles

Video: Here's How Global Stocks Can Boost Your Portfolio

Video: Here's How Global Stocks Can Boost Your Portfolio

Wall Street Looks To Extends Gains After Goldman Earnings Beat, China Data

Wall Street Looks To Extends Gains After Goldman Earnings Beat, China Data

China's President Xi Jinping Tells Boao Forum He Supports Opening Markets

China's President Xi Jinping Tells Boao Forum He Supports Opening Markets

U.S. Stock Futures Steady; Asia Stocks Mostly Lower

U.S. Stock Futures Steady; Asia Stocks Mostly Lower