This isn't your mom and dad's recession: BofA's Savita Subramanian

The market could go as high as 4,600, which would be a pretty great year, says Savita Subramanian

Things are different this time around. But when it comes to the US recession so many are anticipating in 2023, things really might be. That’s according to Savita Subramanian, head of US equity and quantitative strategy at Bank of America, who spoke with Bloomberg to discuss why the contours of any downturn this year might not resemble those of the past, and what it might mean for the stock market in 2023.

What is your S&P 500 year-end price target and what other scenarios that could play out?

We think the market will close around 4,000, the S&P 500, which is really