BofA’s Subramanian: ‘The S&P 500 is trading like it’s the new risk-free rate'

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Galeanu Mihai

The S&P 500 (SP500) is now trading as if it were the new risk-free rate, with valuation metrics reaching unprecedented levels, said Savita Subramanian, head of U.S. Equity Strategy and U.S. Quantitative Strategy at BofA.

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