Tech may be sexy, but now is the time to invest in more trustworthy consumer staples, says one of Wall Street’s biggest bulls.

Jonathan Golub, the chief U.S. equity strategist at Credit Suisse, is forecasting the S&P will hit 2875 by 2018, 10 percent more than where it is trading now.

Golub’s predictions bank on low likelihood of recession, and little, if any, change in tax policy. Tax cuts, in Golub’s mind, pose a risk.

“My concern is that we get this great tax plan or stimulus plan, it all of a sudden puts pressure on inflation and wages,” Golub said on CNBC’s “Fast Money.” “If you start to get wage inflation, the Fed is going to get involved and they are going to crush this thing.”

Despite the risks, this bull recommends continued investment, but not necessarily in tech.

“If you look at the Colgate-Palmolives or the Kimberly Clarks, these are companies that are going to be around forever. I think this is money in the bank and I, in this environment, would be perfectly willing to pay a really high multiple,” Golub said.

He admits big tech is promising, but still thinks companies like Facebook, Amazon, Netflix and Google, have a ways to go.

“If you look at some of these names, their multiples are almost as high as Google’s today, and what the market is saying is that the value of that safe dividend is worthwhile,” he said.

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