Capital Market Outlook
August 16, 2021
IN THIS ISSUE
- Macro Strategy — Extended Strong Manufacturing Cycle Likely Ahead: In our view, the stage is set for the next leg up in global cyclical, value trade.
- Global Market View — China's Regulatory Challenges: Down But Not Out: Recent regulatory measures have made for a prolonged period of volatility in Chinese equity markets.
- Thought of the Week — What is the Metaverse?: Combining a fictional Metaverse with a real world that has become increasingly digitized during the coronavirus pandemic.
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.
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 performance 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.
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