- BofA's Subramanian lifted her S&P 500 view to 7,400, an upgrade that keeps a cautious tilt even as the index target moves higher.
- The upgrade lands alongside Wall Street strategist commentary that the stock rally can survive a Fed rate hike.
- Strategists are also debating late-1990s dot-com parallels, with the prevailing view to stay with stocks despite the valuation vibe.
- Traders hedging the rally are split between plunge protection and drift protection, per the same market coverage.
Quotes
“BofA’s Subramanian Lifts S&P 500 View to 7,400, Stays Cautious”
“Fed Hike Resilience”
“Dot-Com Déjà Vu”