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.
Wall Street saw a breakout moment in Thursday trading as stocks rallied after lawmakers in Washington agreed on an infrastructure deal, CNBC’s Jim Cramer.
Wall Street saw a breakout moment in Thursday trading as stocks rallied after lawmakers in Washington agreed on an infrastructure deal, CNBC’s Jim Cramer.