Supply chain decoupling fires up alpha focus at BofA

Talking Heads: Stock dispersion sees funds gross up on long/short baskets, while US structured notes come of age

This article is the first in a series of interviews with innovators in equity markets. The others are available 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, with record