Savita Subramanian on Stocks. Plus, Oil and Amazon.

Barron's Streetwise

Barron's

Business

4.7 • 1.6K Ratings

🗓️ 29 September 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

BofA Merrill Lynch’s top stock strategist explains what to expect from here. And Jack looks at $100 crude and a tech antitrust suit. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Get a better grip on the markets.
0:02.7	WSJs take on the weakest here to give you a look ahead to the most important events
0:07.8	on the economic and business calendar and what they mean for your money and investments.
0:13.1	Subscribe wherever you listen to podcasts.
0:15.3	A lot of folks just look at the S&P 500 and think it looks really expensive.
0:23.0	It's trading at 20 plus times earnings depending on what measures you're looking at.
0:27.9	If you take out those seven companies or if you take out whatever the MegaCab's the
0:32.2	Nifty 50, you get a valuation that is much more reasonable.
0:37.2	It's more like 15 or 16 times.
0:40.6	Hello and welcome to the Baron Street Wise Podcast.
0:43.4	I'm Jack Howe and the voice you just heard is Savita Subramanian.
0:48.4	She's the head of U.S. equity and quantitative strategy at B of A. Merrill Lynch and in a moment
0:54.6	we'll hear from her about what to make of the U.S. stock market.
0:57.5	We'll also say a few words about oil prices approaching a hundred bucks a barrel and
1:02.7	Amazon anti-trust stuff.
1:06.2	Listening in is our audio producer Meta Hi Meta.
1:08.9	Hi Jack.
1:09.9	What do you think start with oil and move to Amazon?
1:12.5	Yeah, that sounds good.
1:15.0	I want to try to make sense of a mini mystery here and that is why we're not producing
1:20.8	more oil.
1:21.8	Our friends at the Wall Street Journal had a story on Thursday titled oil is near $100
	...

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