Supply chain decoupling fires up alpha focus at BofA

This article is part of our annual Talking Heads series of interviews. The others, and those of previous years, can be found here.

Equity markets have long sung to a macro tune. Lower interest rates typically favour growth stocks while value tends to perform in a higher-rate environment. Investors have historically swung between the two approaches on shifting inflation and rate expectations.

This well-trodden rotation recently took a back seat to the explosion of dispersion between single names