Capital Market Outlook
October 5, 2020
IN THIS ISSUE
- Macro Strategy — Stock Market Jitters Likely To Prove Just a Correction — Trepidations have been confined to certain assets suggesting that this is likely only a correction as investors reposition for the presidential election and for the next phase of growth as the new global expansion continues.
- Global Market View — California's Challenges and the Growing Risk of Global Water Scarcity — Water scarcity is still a growing challenge around the world and remains a major long-term investment theme.
- Thought of the Week — Are There any Winners to the U.S.-Sino Tech War? — U.S. trade restrictions on China seemed to squeeze U.S. semiconductor earnings in a key overseas market but near-term weakness has the potential to offer a solid opportunity for long-term investors.
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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