Last week, I finally got on the phone with Savita Subramanian, head of quant and equity strategy for Bank of America Merrill Lynch. The Street has been abuzz with her bullish comments on the stock market. I wanted to get a feel for her market insights, which are based in part on an indicator that shows her peers are so bearish that it’s time to become bullish.
At the end of the interview, the conversation turned somewhat personal. We went from the laser focus of professionals to working moms, juggling work, kids, and whatever else may have once been part of our personal lives. She mentioned that given everything she knows about markets, she was thinking about investing in stocks for her six-month-old’s education fund.
Over the years, I’ve spoken to plenty of proud dads about their kids and family. But it always feels a little different talking to another working mom; there’s a special camaraderie that comes from the unique challenges we share. And when Savita talked about her son and the college fund, I knew I was hearing something very special and real. Sometimes as reporters and readers we see these expert recommendations fly by, and they feel pretty impersonal, like moves on a chessboard that don’t have any real import. But when you hear a mother saying this is how I am saving for my child — that’s an endorsement above and beyond the usual blather on Wall Street.
Read the story here.