Wilmington Trust’s Meghan Shue expects growth stocks, including Big Tech, to hit more turbulence over the next three months.
“Our main takeaway was to lean a little bit more into value and trim some of our growth exposure,” Shue, the firm’s head of investment strategy, told CNBC’s “Trading Nation” on Wednesday. She helped build her firm’s second-quarter strategy, which embraces value and cyclical stocks.
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…