Capital Market Outlook
May 17, 2021
IN THIS ISSUE
- Macro Strategy — What's Next for the Manufacturing Cycle?: The manufacturing index suggests cyclical momentum is as strong as we have seen in the post-war period.
- Global Market View — A Two-Tiered Trend in Emerging Markets: Emerging markets (EM) as a group have so far been relatively resilient.
- Thought of the Week — Reality Check: Some Inconvenient Truths about the Green Revolution: We believe we are on the road to a more decarbonized future namely securing a stable and cost-effective mineral supply.
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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