Economy-sensitive stocks are a 'buy' now -investor

It makes sense that financial stocks move higher along with interest rates, said Latif, as the Fed stands ready to do what it can to promote faster growth.

The move up in economically-sensitive stocks is sure to come at the expense of high-flying tech names, Latif added, as he expects investors to take profits from tech and put them to work in the sectors that will benefit from the Fed's continued attempt to grow the economy.