New trends driving equity markets now

Are valuations too high? Is the tech sector in a bubble? These and other top-of-mind questions are answered in this video about current market dynamics.

 

“THERE ARE A FEW THINGS HAPPENING this year that are a big difference from what we've seen over the last few years,” says Savita Subramanian, head of U.S. Equity and Quantitative Strategy for BofA Global Research.

 

“The market is starting to broaden out. Last year and the year before, we saw mega-cap tech companies outperform the rest of the S&P. This year we're starting to see broader market trends,” she adds, pointing to increased productivity and reshoring of manufacturing to the U.S. as two positive forces poised to drive potential market growth beyond the tech sector.

 

But uncertainty and risks still exist. In the above video, Subramanian chats with Chris Hyzy, Chief Investment Officer, Merrill and Bank of America Private Bank, about the forces driving equity performance and addresses questions top of mind for investors now.

 

For latest insights on the markets, tune in regularly to the CIO's Market Update audiocast series.

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Important disclosures

The opinions expressed are as of 2/19/2025 and are subject to change.

 

Investing involves risk, including the possible loss of principal. Past performance is no guarantee of future results.

 

Some of the risks involved with equity securities include the possibility that the value of the stocks may fluctuate in response to events specific to the companies or markets, as well as economic, political or social events in the U.S. or abroad.

 

The Chief Investment Office (CIO) provides thought leadership on wealth management, investment strategy and global markets; portfolio management solutions; due diligence; and solutions oversight and data analytics. CIO viewpoints are developed for Bank of America Private Bank, a division of Bank of America, N.A., (“Bank of America”) and Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S” or “Merrill”), a registered broker-dealer, registered investment adviser and a wholly owned subsidiary of Bank of America Corporation (“BofA Corp.”).

 

BofA Global Research is research produced by BofA Securities, Inc. (“BofAS”) and/or one or more of its affiliates. BofAS is a registered broker-dealer, Member SIPC and wholly owned subsidiary of Bank of America Corporation (“BofA Corp.”).

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