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

Wilmington Trust's Meghan Shue is opening her playbook for the year's second half — which starts Thursday. Her strategy includes an overexposure to cyclicals, and she favors , , , and . "We see the economic recovery continuing and being a tailwind for stocks," the firm's head of investment strategy told CNBC's " " on Friday. Unless this week sees a dramatic sell-off, the market will start the year's final six months around record highs. The just wrapped up closing at 4,280.70 — an all-time high. The closed up 3.4% for the week, notching its best weekly performance since mid-March. The tech-heavy closed slightly lower on Friday. But it's up 2.35% for the week. , but she also predicts turbulence ahead. "We are expecting some perhaps consolidation, maybe a pullback from here," said Shue, a CNBC contributor. Shue, who oversees $141.5 billion in assets, is neutral on growth stocks, . She views the group as a key part of a diversified portfolio. However, Shue would avoid getting too deep into the group because she expects a rising to act as a headwind. According to Shue, it should reach at least 2% over the next 12 months. 'It's really important not