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Investment Strategy Overview

The Chief Investment Office (CIO) outlook on the economy, the markets, investment trends, portfolio considerations and asset-class weightings.

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Grinding Through the Wedge

Today's investment landscape features a “wedge" in the markets, in the view of the Chief Investment Office. This wedge entails a sharp change to the macro economic outlook and forces a rotation across and within asset classes, creating a choppy investment environment with spurts of volatility.

“We believe the “wedge" environment ultimately creates a market climate in which themes below the major indices, diversification, and factors such as dividend growth and “growth at a reasonable price" could become the most attractive characteristics of consistent returns."

Christopher Hyzy Chief Investment Officer, Merrill and Bank of America Private Bank