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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.

Close up illustration of a stock market financial growth chart.

The Great New Dawn

Looking at the year ahead, the Chief Investment Office's preference is for rotation toward cyclicals and more value-oriented areas, including small caps, with the expectation that the long-duration, high-growth areas with little-to-no profit come under continued pressure.

“For 2022, we expect a “grind-it-out” market environment in which valuations could remain flat or slightly decline but with profit growth to supersede this and Equity outperformance to continue.”

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