'It's really important not to forget about technology'
"Technology is really a long term story. So, it might have some challenges if our interest rate view pans out. But it's such an integral part of the economy," she noted. "It's really important not to forget about technology even if there is perhaps some choppiness over the next few months." Shue expects the record rally to moderate over the next six months. She sees low to mid-single percentage gains.
"Every indication that we have so far in the economic data is that we are probably at or just beyond the peak pace of economic activity perhaps of this cycle," said Shue. "We are moving into probably a deceleration phase.""The deceleration may actually still be above trend growth for the U.S. and the global economy," she said.
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