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.

How does the speaker view the performance of the energy sector in relation to mutual funds?

What alternative investment does the speaker suggest to avoid crowding in the equity market?