Capital Market Outlook
July 6, 2021
IN THIS ISSUE
- Macro Strategy — Macro Moderations and Market Transitions: The market's drivers are likely to transition toward business spending, productivity and shifting consumer spending toward services.
- Global Market View — Ten Reasons to Stay Long the United States: U.S. equities are currently out front when it comes to the potential to generating 'long-term' returns for investors.
- Thought of the Week — 'Tis the Season(ality): Seasonality suggests the benchmark just entered its strongest month of the year—July.
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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