Market Updates
September 14, 2020
The U.S. economy continues to prove more resilient than expected, helping to drive a rotation into more cyclical stocks; it's worth being mindful of geopolitical tension points, and we believe the next generation of U.S. infrastructure build-out will also focus on important information communications technology.
September 8, 2020
Government functioning will evolve in the years ahead and require a shift in investor mindset, the market rebound has been uneven across sectors and industries, and greater supply will be needed to meet the growing demand for faster, more accurate coronavirus testing but that will take time.
August 31, 2020
What does it mean that the Federal Reserve is doubling down on their 2% inflation target, we've pointed to key exhibits that speak volumes about markets and presidential elections, and second-quarter gross domestic product results for most major countries confirm an expected trend.
August 24, 2020
The U.S. economy may be at a secular turning point, with stronger growth and higher inflation likely; the importance of geographic revenue exposures, currency effects and sector exposures; and as the economy emerges from recession, unlocking the economic power of gender parity is more critical than ever.
Important Disclosures
All data, projections and opinions are as of the date of the 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.
Bank of America, Merrill, their affiliates, and advisors do not provide legal, tax, or accounting advice. Clients should consult their legal and/or tax advisors before making any financial decisions.
Investing involves risk, including the possible loss of principal. Past performace is no guarantee of future results.
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.
Investments have varying degrees of risk. Some of the risks involved with equity securities include the possibility that the value of the stocks may fluctuate in response to events specific to the companies or markets, as well as economic, political or social events in the U.S. or abroad. Bonds are subject to interest rate, inflation and credit risks. Treasury bills are less volatile than longer-term fixed income securities and are guaranteed as to timely payment of principal and interest by the U.S. government. Investments in foreign securities (including ADRs) involve special risks, including foreign currency risk and the possibility of substantial volatility due to adverse political, economic or other developments. These risks are magnified for investments made in emerging markets. Investments in a certain industry or sector may pose additional risk due to lack of diversification and sector concentration.
