“For bargains out there, emerging markets have the feel that it’s risky – but not the risk that we saw 10 years ago,” he said. “Great valuations today.”

Another hot international play includes the Deutsche X-trackers MSCI EAFE Hedged Equity ETF (NYSEArca: DBEF), which tracks developed Europe, Australasia and Far East countries and hedges against depreciation in related currencies.

Back in the U.S., as Hurricane Harvey approaches the coastline, Lydon said investors should look to the VanEck Vectors Oil Refiners ETF (NYSEArca: CRAK), the first dedicated exchange traded fund play on oil refiner equities.

“Take a look at that as an energy alternative in times of natural disasters,” he said.

Click the video above to watch the full segment.