Capital Market Outlook
November 1, 2021
IN THIS ISSUE
- Macro Strategy — Inflation Expectations at Risk of Coming Loose: The rise in inflation is starting to affect longer-term inflation expectations.
- Global Market View — COP26, The Energy Crisis and the Green Transition: A time of severe stress in the global energy system, which potentially calls the green transition into question.
- Thought of the Week — Team Transitory Wavering?: Recent moves higher in breakeven rates could be a signal that investors are starting to believe that increases in consumer prices may be higher and more persistent than previously expected.
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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