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Top Strategist Opens Her Playbook for the Year's Second Half, Sees Market Turbulence Ahead


We see the economic recovery continuing and being a tailwind for stocks, the firm s head of investment strategy told CNBC s Trading Nation on Friday.
Unless this week sees a dramatic sell-off, the market will start the year s final six months around record highs.
The S&P 500 just wrapped up its best week since February, closing at 4,280.70 an all-time high. The Dow closed up 3.4% for the week, notching its best weekly performance since mid-March.
The tech-heavy Nasdaq closed slightly lower on Friday. But it s up 2.35% for the week.
We are expecting some perhaps consolidation, maybe a pullback from here, said Shue, a CNBC contributor. ....

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Top Strategist Opens Her Playbook for the Year's Second Half, Sees Market Turbulence Ahead

Top Strategist Opens Her Playbook for the Year's Second Half, Sees Market Turbulence Ahead
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Lean Into Value Names and Trim Tech Positions as Second Quarter Kicks Off, Wilmington Trust Says


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. ....

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