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Savita Subramanian’s Bearish Bet | Durham News
The S&P 500’s rally has stalled near record highs, sparking debate among strategists. While most banks raise their year-end targets amid strong AI-driven earnings, Savita Subramanian of Bank of America holds firm at 7,100 — the lowest forecast on Wall Street. She’s not predicting a recession or AI collapse, but warning that investors are ignoring the hidden risk: a surge in corporate debt fueling the AI boom. With companies borrowing heavily and valuations built on one-time gains, she believes the market will eventually reassess — and her contrarian stance is proving tougher to shake than…
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