These are the key themes as the S&P 500 nears its first all-time high in two years.
The global bond market is also marching toward its biggest two-month gain on record.
Expectations for a soft landing have lessened the need among investors to invest in "safe" tech giants.
Investors are leaving defensive measures behind and focusing on buying and holding the benchmark gauge.
He bemoaned the high regulatory burden faced by publicly traded companies.
Technology and industrials are among the bank's overweight positions.
While the S&P 500 has recouped its losses, the Russell 2000 is still in the doldrums.
Even with the S&P 500 up more than 20% in 2023, investors can still harvest tax losses.
The Nasdaq-100 set another all-time high Tuesday while the S&P 500 added 0.6%.
The apparent end of Fed rate hikes and lower inflation mean investors can return to fundamentals, they said.
Thanks to deep economic changes, smaller firms overall are less profitable, less exciting and more indebted.
The firm's analysts see the S&P 500 at 5,100 points by the end of next year.
The company is expected to be valued at no less than $800 million.
Pharmaceutical companies' patent extensions allow them to artificially raise prices, the investors say.
Much depends on the Fed's reactions to economic changes, according to the company's market outlook report.
The firm's chief U.S. economist says keeping rates higher any longer could trigger a recession.
The economists expect the Fed's easing will end when the benchmark rate hits a target range of 3.25% to 3.5%.
The Treasury market enjoyed its biggest one-day rally since the regional bank crisis in March.
The Fed signaled rate cuts next year. Stocks rose.
Despite the unknowns, the firm's active managers are bullish on their positioning.