Capital Market Outlook
September 7, 2021
IN THIS ISSUE
- Macro Strategy — How Durable Are Record-High Margins?: Investors should watch closely for signs of a budding peak in corporate profit margins.
- Global Market View — U.S.-China Relations: Breaking Up is Hard to Do: Key metrics suggest more integration, not less—a bullish prospect for U.S. investors.
- Thought of the Week — What Could Fed Tapering Mean for Equity Markets?: It will nonetheless be critical to keep in mind the broader macro environment, which is likely to remain favorable for prospective returns.
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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