With Tesla as big as all European banks, it's time to trade hubris, BofA says

Oct. 07, 2022 7:24 AM ETiShares MSCI World ETF (URTH)QQQ, SPY, DIA, LQD, SHY, TLT, IWM, JNK, TBT, TSLABy: Kim Khan, SA News Editor16 Comments

A world globe showing the americas

Richard Drury/DigitalVision via Getty Images

Sell hubris and buy humiliation is an attractive trade for 2023, according to BofA.

As a percentage of the MSCI Word Index (NYSEARCA:URTH), U.S. equities stand at an all-time high of 66%, strategist Michael Hartnett

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