Capital Market Outlook
July 19, 2021
IN THIS ISSUE
- Macro Strategy — Stronger for Longer: The cyclical and Value beneficiaries of currently strong economic growth tend to reassert their leadership until monetary policy actually turns restrictive.
- Global Market View — A Scorecard Framework for Emerging Markets: With wide return disparities still, in our estimation, we favor a more active approach to the group.
- Thought of the Week — Small Caps off to a Strong Start in 2021: In our view, momentum could continue.
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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