Summer has proven itself to be a wild season for markets, with high highs, low lows, and serious talk of more volatility and woes.

But the recent market slide doesn’t mean investors should call it a day and pull all their money out of markets.

"Consider potential opportunities during periods of crisis or dislocation,” Kathryn Kaminski, chief research strategist of AlphaSimplex told Yahoo Finance executive editor Brian Sozzi on his Opening Bid podcast (watch video above or listen here).

The former visiting scientist at MIT’s Laboratory for Financial Engineering studied markets, trading, and emotions. She also has firsthand experience with financial crises and investor reactions; she began her investment career in 2008 in a world reeling from the Great Recession.

Rather than react rashly, “the key thing right now is to watch the data and see if this could be a real crisis that unfolds where we have a bigger recessionary move,” she added.

Kaminski says it's good practice to stick with key investing themes such as AI, with a longer-term perspective.

To be sure, calm guidance from Kaminski is being put to the test this month.

Markets saw a surprise, mass sell-off on August 5 as fears of slowing US growth and the unwind of the Yen carry trade rocked sentiments.

The day saw Dow Jones Industrial Average lose 2.6%, the S&P 500 tanked 3%, and the Nasdaq Composite fell 3%.

All three major indices are still trading below their mid-July record highs, according to Yahoo Finance data.

The same for popular names like Nvidia (NVDA), whose stock is off by 13% since mid-July.

In June, Kaminski says, she “started to get concerned” when markets “started to see some pretty severe cross-asset sell-offs." Remarking that commodities moved from long to short signals and bonds moved from short to long signals, “both of these are classic risk-off potential recession trades,” she said.

“Corrections often hint that a crisis could be impending,” Kaminski acknowledges, even though she is on the hunt for those aforementioned solid investable themes.

Ultimately knowing where to turn is anybody’s guess as September comes into view.

In an August 12 client note, Mislav Matejka, head of global equity strategy for J.P. Morgan, warned of potential further weakness as summer continues.

The laundry list of worries includes weakening economic activity, a resumption of negative earnings revisions, elevated geopolitical uncertainty, and concentration risk.

Matejka calls out that the Fed “will start cutting, but this might be seen as reactive and behind the curve.”

“Lean on diversification,” Kaminski says.

Sounds about correct for this topsy turvy environment.

Three times each week, Yahoo Finance Executive Editor Brian Sozzi fields insight-filled conversations and chats with the biggest names in business and markets on Opening Bid. Find more episodes on our video hub. Watch on your preferred streaming service. Or listen and subscribe on Apple Podcasts, Spotify, or wherever you find your favorite podcasts.

In the below Opening Bid episode, veteran strategist Bill Blain of Wind Shift Capital explains his call on tech giant Meta (META).

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