Head of U.S. equity and quantitative strategy at Bank of America, Savita Subramanian offers her best strategy for navigating topsy-turvy financial markets as...
Head of U.S. equity and quantitative strategy at Bank of America, Savita Subramanian offered her best strategy for navigating financial markets that have seemed topsy-turvy in recent weeks as the U.S. economy attempts to mount a sustained recovery from COVID-19.
She pointed to small-capitalization stocks as an area where investors could identify such assets, which would benefit from a solid U.S. economic recovery and offer consistent yields at a comparatively attractive price. The S&P 500’s energy sector SP500.10, +3.16% surged 3.2% on Wednesday and financials SP500.40, +1.58% soared 1.6%. Overall, the S&P 500 index SPX, +0.95% and the Dow Jones Industrial Average DJIA, +1.00% rose 1% on Wednesday for the best one-day gain for the benchmarks in about two months. The technology-laden Nasdaq Composite Index COMP, +1.02% also closed up 1% for its best day since Aug. 27.
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