Equities as an asset class will likely outperform fixed-income investments, JPMorgan Private Bank Chief Strategist Kate Moore said Friday.
"We're not looking for blockbuster earnings in the third quarter," she said, adding that her focus was going to be in fourth-quarter earnings and guidance. "We want to hear companies 2014 cap ex budgets and plans. I don't know that we get that during this reporting season, largely because of shenanigans in D.C."
On CNBC's "Fast Money," Moore said that she wasn't expecting Congress to cause a government shutdown again or threaten to default on U.S. debt.
"We don't think we're going to get the same kind of brinkmanship we had in the last few weeks, largely because of the election year next year," she said.
(Read more: 'Fast Money' Rewind: Week in review for Oct. 18)
Moore said that sector rotation was healthy for the market, something that had happened a couple of times already in 2013.
"Our expectation is that we need to see kind of broad-based earnings to get that next leg higher," she said.
Moore also said that she would like to see more capital expenditures from businesses, technology spending and higher industrial activity, factors that had begun to pick up ahead of the Federal Reserve's meeting.
(Read more: JPM is 'dead money': Mike Mayo)
"We want to see businesses feel more comfortable spending. I don't know that they're going to communicate that to us in the near-term, even if they need to in order to continue to grow," she said.
Her top sector picks were financials, technology and health care.