Meghan Shue on Fast Money

Is there still room to run in the 2nd half of 2021? In coming months, she expects the cyclicals to resume leadership because US 10-year to move higher. Also, excess consumer savings will boost earnings in cyclicals. She guesses surprises to the upside to be significant. She is bullish. She likes materials, driven by global economic recovery, like oil. Valuations of both classes remain attractive despite the stock run-up. She also likes banks which have passed the stress test and buyback shares. She sees the 10-year yield steepening, which favours banks.