STORY: Diton says "So if we look at places like well, look at Warren Buffett, right. He was in Japan. He's put more money in Japan. They're trading at a good 30% discount to the United States." He also points to Europe and emerging markets like India which are still cheap relative to the U.S.

Diton sees the U.S. dollar weakening now that interest rates are near their peak which should provide a boost to markets outside the U.S. too.