Earnings are expected to slip in the first quarter, but most think they'll rebound throughout the rest of the year.
Not Greg Boutle of BNP Paribas, though, who told Alison Kosik on CNN Business' Markets Now live show that he expects earnings to remain weak this year.
"The sectors we think are most at risk already have low margins," he said. They're more vulnerable to a growth slowdown and virtually zero slack in the labor market.
"That will increase margin pressure," Boutle said.
So where should you put your money?
"If people want to invest in cyclical stocks, they should look at tech," he said. "Tech companies typically have very robust balance sheets."
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