Capital Market Outlook

June 14, 2021

IN THIS ISSUE

Macro Strategy — Nuclear Energy: The Ultimate Green Energy Play: To reach net-zero carbon emission goals by 2050, nuclear energy is likely to play a prominent role.
Global Market View — Still Frosty: U.S.-China Relations and the Implications for U.S. Investors: Bilateral friction will likely be a frequent source of market volatility but also a catalyst for long-term investment opportunities.
Thought of the Week — Fed A Seller Of Corporate Paper—But Plenty Of Other Buyers: The Federal Reserve's wind-down of the Secondary Market Corporate Credit facility is not an issue for markets, in our opinion.

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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