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Savita Subramanian, head of US equity strategy at Bank of America, has revised her forecast for US stocks, setting a new year-end target for the S&P 500 at 5,400, up from 5,000. She expresses confidence in the market's potential for further growth, citing favorable valuations and dismissing comparisons to past market bubbles.
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How might Savita Subramanian's revised forecast impact investor sentiment?
In what ways could the current market environment differ from historical bubble scenarios?
What specific valuation metrics is Subramanian considering in her analysis?
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