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Lee Munson Discusses the Market and Areas of Opportunity for Investors

Munson sees the banks as an opportunity for investors.

Lee Munson, Chief Investment Officer of Portfolio Wealth Advisors, doesn't see signs of a recession coming any time soon and says investors should look at the banking sector as a place to put their money. 

"If you want to buy some individual stocks, I look at the banking sector," said Munson. "If you want to buy some indexes and get some broad exposure, I [like] emerging markets -- if we see emerging markets go down another 5% I'm going to be buying myself." 

Even though the U.S. and China are in a tit-for-tat trade spat, these headwinds have been adequately priced into the U.S. market, said Munson, noting that the market correction in February was the result of inflation scare, not a trade war.

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"I think the only thing that we're not really pricing in right now is the upside as we see continued earnings going double-digit increases year over year," Munson said.