Capital Market Outlook
December 6, 2021
IN THIS ISSUE
- Macro Strategy — Macro Backdrop Supportive Of Commodities in 2022: Commodity prices could eventually get a boost from modest depreciation of the dollar.
- Global Market View — Can Non-U.S. Equities Regain Ground in 2022?: As we now look ahead into 2022, it will be important to consider whether this span of underperformance can extend further or whether it could begin to reverse.
- Thought of the Week — Consumer Checkup: For now, the fundamentals for consumer spending ahead remain positive.
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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