Capital Market Outlook
October 4, 2021
IN THIS ISSUE
- Macro Strategy — Economic Policy Turbulence Ahead: While fiscal policy has a great deal of near-term uncertainty, monetary policy is the more important piece to watch for tactical and strategic asset allocation decisions.
- Global Market View — Faith and Funds: The U.S. as the Final Destination: Many foreign investors have placed their faith on U.S. assets.
- Thought of the Week — It's Not All Gloom and Doom on the U.S. Global Earnings Front: Clouded by the negative news about supply chain bottlenecks or an economic slowdown in China, U.S. foreign affiliate income is currently clipping along at a record pace.
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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All recommendations must be considered in the context of an individual investor’s goals, time horizon, liquidity needs and risk tolerance. Not all recommendations will be in the best interest of all investors.
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