Bank of America strategist says she's most bullish in the last decade
Per CNBC
Equity strategist of Bank of America, Savita Subramanian, has given recent statements regarding the market, saying she was the "most bullish" for the first time in the last decade.
Subramanian: "I think the market is more rational than it's been in a decade. Which is great news because we're finally done with this experiment of zero interest rates. We know what the Fed is gonna do, we are off the zero bound... I think that we're at a place where visibility and transparency is better than it was over the past 10 years."
Subramanian said that the market setup was more rational and that companies were doing the right things. This involved being driven by productivity and efficiency. She also commented on AI, giving an overall positive view of its effect on the market.
Recently, Federal Reserve Chairman Jerome Powell also gave statements regarding the hardships that inflation was causing. Powell once again said that they were trying to reach their 2% inflation goal.
Recently, the S&P 500 reportedly reverted to pre-Fed rate hikes, which started a year ago. This came as certain companies like NVIDIA achieved new feats, like becoming the first chipmaker to ever hit over a $1 trillion market value.
See flow at unusualwhales.com/flow.
Other News:
- S&P 500 reverts to the pre-Fed rate hike, which started over a year ago
- NVIDIA becomes first chipmaker to hit a market value of over $1 trillion
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