Fortunes for Mega- and Small-Cap Stocks Poised to Flip, Bank of America Says
- Firm’s model indicates US equities are in ‘recovery’ phase
- Buy financials and sell utilities, BofA’s Subramanian says
The New York Stock Exchange.
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The wind is about to shift for the US stock market, if history is any guide, says Bank of America Corp.
With equities in the “recovery” phase of the business cycle, this year’s laggards — including value and small-capitalization stocks — are primed to outperform, upending the growth, large-cap leadership that has dominated 2023’s bull run, according to strategists led by Savita Subramanian.