Market Updates
September 20, 2021
Selected areas of emerging markets may present opportunities, but nearer-term challenges keep us tactically neutral. Plus investment growth is likely to remain strong to expand supply capacity and ease shortages, and it's a good time for a reminder about the perils of market timing.
September 13, 2021
A variety of emerging macroeconomic risks should be monitored by investors as we head into the end of the year. Plus investing for high inflation, and one thing not in short supply is cash.
September 7, 2021
Investors should watch closely for signs of a budding peak in corporate profit margins. U.S.-China relations: Breaking up is hard to do—a bullish prospect for U.S. investors. What could Federal Reserve tapering mean for equity markets?
August 30, 2021
Trends from around the world show supply chain bottlenecks have been holding back global growth; the next wave of the digital revolution will help to provide a significant shift up in real gross domestic product and productivity growth; consumer strength is moderating.
August 23, 2021
With demand for labor exceeding supply by a widening margin, it may be time for the Fed to taper; key drivers for asset prices should include economic resilience and inflation; Senate one step closer to budget resolution.
August 16, 2021
In our view, the stage is set for the next leg up in global cyclical, value trade. Recent regulatory measures have made for a prolonged period of volatility in Chinese equity markets. The gaming and tech industries have breathed new life into the Metaverse concept, a virtual environment you can "plug into" via virtual reality.
August 9, 2021
The U.S. economy is currently in the early stages of a transition from an unprecedented policy-induced boom to a private sector-fueled, stronger-for-longer economic expansion. Plus considerations for positioning portfolios from the U.S. infrastructure bill, and an update on Q2 earnings.
August 2, 2021
Current economic data is positive for risk assets, for now, but business cycle risks are building. Plus the pressure’s on emerging market central banks, and just as China’s crackdown of its technology sector broadened out, many U.S. Mega-cap tech names hovered near highs.
Important Disclosures
All data, projections and opinions are as of the date of the report and subject to change.
The Chief Investment Office (CIO) provides thought leadership on wealth management, investment strategy and global markets; portfolio management solutions; due diligence; and solutions oversight and data analytics. CIO viewpoints are developed for Bank of America Private Bank, a division of Bank of America, N.A., (“Bank of America") and Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S" or “Merrill"), a registered broker-dealer, registered investment adviser and a wholly owned subsidiary of Bank of America Corporation.
Bank of America, Merrill, their affiliates, and advisors do not provide legal, tax, or accounting advice. Clients should consult their legal and/or tax advisors before making any financial decisions.
Investing involves risk, including the possible loss of principal. Past performace is no guarantee of future results.
All recommendations must be considered in the context of an individual investor’s goals, time horizon, liquidity needs and risk tolerance. Not all recommendations will be in the best interest of all investors.
Investments have varying degrees of risk. Some of the risks involved with equity securities include the possibility that the value of the stocks may fluctuate in response to events specific to the companies or markets, as well as economic, political or social events in the U.S. or abroad. Bonds are subject to interest rate, inflation and credit risks. Treasury bills are less volatile than longer-term fixed income securities and are guaranteed as to timely payment of principal and interest by the U.S. government. Investments in foreign securities (including ADRs) involve special risks, including foreign currency risk and the possibility of substantial volatility due to adverse political, economic or other developments. These risks are magnified for investments made in emerging markets. Investments in a certain industry or sector may pose additional risk due to lack of diversification and sector concentration.
