BofA's Subramanian warns stocks overdue for a pullback

Bloomberg · 23 hours ago
BofA's Subramanian warns stocks overdue for a pullback
  • BofA Securities' Savita Subramanian says it doesn't feel like a really robust market environment and expects a pullback in equity markets.
  • Subramanian raised her year-end target for the S&P 500 to 7,400 even as she warned stocks are overdue for a pullback.
  • The Bloomberg markets video also features Fed Chairman Warsh calling a rate hike a 'Sober' decision and economist Diane Swonk saying the Fed has started a rate-hiking cycle.

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It doesn’t feel like a really robust market environmentSavita Subramanian

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