The recent aggressive interest rate hikes by the Federal Reserve caused a crisis in some superregional 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 topranked 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.

#federalreserve #interestrates #cyclicals #quantitativeeasing #stockmarket

00:00 Hello
00:47 Introduction
02:35 Interview with Savita Subramanian
22:15 One Investment
24:40 Action Point

WEALTHTRACK episode 1946, broadcast on May 12, 2023


More Info: https://wealthtrack.com/whyowningst...