On the first quarter's final day, the tech-heavy Nasdaq Composite rallied more than 1.5%. Year to date, it's up nearly 3%. However, the index is off almost 7% away its all-time high. "We are not adding to equities today, but we are rotating underneath the surface to take advantage of some changing dynamics in market leadership," she said. Overall, the firm is sticking to an overweight to stocks. Her playbook's top picks include S&P 500 groups highly leveraged to the economic rebound: financials,industrials, materials and energy, which was the first quarter's best performing S&P 500 group. Energy surged 29% in that time period.