BofA's Subramanian Likes Small Caps Over 'Crowded' S&P 500

The video discusses the decline in stock positioning due to performance, highlighting the risks in the equity market, particularly in technology and TMT sectors. It warns about the potential recession and the overcrowding in the S&P 500, suggesting small caps as a less crowded alternative for investment.

What was the primary reason for the decline in stock positioning from last year?

• Increased interest in bonds

• Underperformance of equities compared to cash

• Rise in interest rates

• Decrease in technology stocks

Which sector is surprisingly underweight in mutual funds despite its strong performance?

• Financials

• Technology

• Healthcare

• Energy

What is the perceived risk of investors flocking to the S&P 500 during a recession?

• It is not diversified enough

• It is too volatile

• It is overcrowded

• It has low returns

What alternative investment is suggested to avoid the risks of a crowded S&P 500?

• Small caps

• Large caps

• Real estate

• International stocks

What is the main concern about the upcoming recession according to the transcript?

• It is the most unexpected recession

• It is the most telegraphed recession

• It will only affect the technology sector

• It will lead to a housing market crash