Part 1 of 2
The recent aggressive interest rate hikes by the Federal Reserve caused a crisis in some super-regional banks, but the damage has been contained and has not affected the entire banking industry. However, Federal Reserve Chair Jerome Powell believes that the economic toll of such aggressive tightening could be different this time.
Savita Subramanian, Head of U.S. Equity and Quantitative Strategy at BofA Global Research, also shares this opinion and recommends stocks over bonds and cyclical sectors over defensive ones, contrary to most institutional investors surveyed by BofA.
Subramanian has been named a top-ranked analyst by Institutional Investor for the last 10 years and to Barron’s list of the 100 Most Influential Women in U.S. Finance for the past three years.
Owning stocks over bonds and cyclicals over defensive is top-ranked strategist Savita Subramanian’s call, contrary to the vast majority of institutional investors’ positions.
Also, Watch Part 2 here.
WEALTHTRACK Episode #1946 broadcast on May 12, 2023
Listen to the audio-only version here:
Explore This Episode
We have compiled additional information and content related to this episode.
- Head of U.S. Equity & Quantitative Strategy
- Head of Environmental, Social & Governance (ESG) Research
- BofA Global Research
AVOID PANIC SELLING
- Since the 1930s, best stock performance frequently follows worst, when investors most likely to sell
- Best 10 days per decade preceded by -11% returns, on average, in the prior 3 months
REAL ASSET RESURGENCE
- Own commodities, including energy and metals
- Commodities have been starved of capital for years
- Moving into an era where real assets could outperform financial assets
Savita Subramanian from the WEALTHTRACK Archives:
KEEPING FINANCIAL COOL
Savita Subramanian explains how she keeps her cool in chaotic markets. It’s all about the numbers.