Stock market outlook: Investors clinging to the S&P 500 aren't safe

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Investors clinging to the S&P 500 aren't safe and should get out of crowded trades and into other areas like small caps, Bank of America's top stock strategist says

Investors clinging to the benchmark S&P 500 shouldn't get comfortable, and they need to get out of overcrowded stocks before mass selling drives more pain, according to Bank of America's chief stock strategist Savita Subramanian.

"Everyone is talking about this recession, we've got the most telegraphed recession in the history of mankind coming up, and the problem is everyone is using muscle memory to go back into what they think of as the safest equity market, which is the S&P 500.

 

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