How investment strategy went from TINA to BABY -CIO

STORY: Still, on the equities side, Pence likes defense stocks such as Raytheon and Lockheed Martin.

"Regardless of what happens to the war [in Ukraine], it's going to take a long time to rebuild the arsenals of NATO that they've used in this," said Pence, adding that defense companies have long-term orders on their books as a result.