Stock-bond allocation about to see a major reversal? BofA sends a rare signal: bonds competing with stocks for capital for the first time in decades, S&P returns over the next decade may be below 5%.

Zhito Finance APP has learned that Savita Subramanian, head of U.S. equity and quantitative strategy at Bank of America, said in an interview on Wednesday that the bond market is becoming attractive again and, for the first time in decades, has become a real competitor to the stock market. She also warned that investor sentiment has clearly become elevated, while analysts' expectations for U.S. corporate earnings growth are at extremely high levels, which means the stock market is more vulnerable to pressure from disappointed expectations rather than poised for more positive surprises.