Wall Street ends up on earnings optimism; eyes remain on Middle East
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Here's why BofA believes you should want to own the S&P 500
October 16, 2023 2:06 PM EDTBofA analysts explored the potential reasons investors may want to own the S&P 500 in a recent note.
In the memo, the investment bank's equity and quant strategist, Savita Subramanian, answered various questions about the ongoing macroeconomic and geopolitical risks recently impacting the markets.
Starting with rates, which are expected to stay higher for longer, the analyst explained that they are "worse for bonds than stocks."
"Rising rate cycles are generally accompanied by better growth. Moreover, S&P 500 refinancing risks... More
