Capital Market Outlook
April 19, 2021
IN THIS ISSUE
- Macro Strategy — Inflation Complacency: Early warning signs are pointing to big upside inflation surprises ahead.
- Global Market View — The Great American Growth Revival: The U.S. is leading the global economic recovery and entering into a growth revival.
- Thought of the Week — It’s All About That CPI Base—But No Trouble: The year-over-year changes in the Consumer Price Index (CPI) over the coming months are likely to be elevated.
Important Disclosures
All data, projections and opinions are as of the date of this 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.
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