Bank of America Advises Selectivity Amid Overheated S&P 500 Rally
The S&P 500's 17% year-to-date gain and 37% rebound from April lows have sparked optimism, but Bank of America strategist Savita Subramanian warns of mounting risks. With 60% of bear market signposts triggered, the bank urges investors to be selective—highlighting undervalued opportunities despite broader market froth.
Historical comparisons are imperfect given the S&P's higher-quality composition today, but valuation floors may lie below current levels. Bank of America's analysts are pinpointing specific stocks with upside potential, though cryptocurrency markets remain unmentioned in this equities-focused commentary.