BofA's strategist says the Fed is now more likely to hike than cut | Sozzi Unleashed

Savita Subramanian runs US equity strategy at BofA Securities, and on the morning of a hot October inflation print she says policymakers are now more likely to hike than cut or pause. Her worry is not the short end. It is what rate volatility at the long end does to asset values, and the fact that Big Tech no longer has the lever it pulled in 2023, when it cut spending and bought back stock. Those companies are net issuers today. She closes on something stranger. The most crowded equity position in the world, she says, is the S&P 500 index itself, which has never seen a year of outflows. Brian Sozzi's full episode: https://youtube.com/live/AucH_WLmf08 Featuring Savita Subramanian, Head of U.S. Equity and Quantitative Strategy, BofA Securities Timestamps 0:00 What a hot inflation print does to the Fed's next move 1:37 What a half-point hike would mean for the S&P 500 3:03 Why tech earnings estimates are still rising 5:12 National security as a floor under the tech trade 6:30 The mortgage gap that could restart the consumer 7:44 The most crowded ticker in the world #FedRateHike #SP500 #Inflation #BofA #SozziUnleashed #YahooFinance == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571

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