Capital Market Outlook
May 26, 2020
IN THIS ISSUE
- Macro Strategy— Going from “Wait and Watch" Stage to a “Path Forward" Stage — As clarity emerges on the nature of this bear market (structural, cyclical, or exogenous), we see that it may ultimately lead to a “Path Forward" and establish new trends.
- Global Market View— China's Recovering Economy and Rising Market Risks — The potential for new tensions to interrupt China's growth rebound and market recovery could cause emerging markets to lag further over the period ahead.
- Thought of the Week— Bottoming in Energy Sector Considered a Bright Spot for Markets —We may not be at the beginning of the end but we are hopefully at least at the end of the beginning.
Important Disclosures
All data, projections and opinions are as of the date of this report and subject to change.
This material was prepared by the Chief Investment Office (CIO) and is not a publication of BofA Global Research. The views expressed are those of the CIO only and are subject to change. This information should not be construed as investment advice. It is presented for information purposes only and is not intended to be either a specific offer by any Merrill or Bank of America entity to sell or provide, or a specific invitation for a consumer to apply for, any particular retail financial product or service that may be available.
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