Capital Market Outlook
June 1, 2021
IN THIS ISSUE
- Macro Strategy — Inflation Fears Create Ambiguous Market Signals: The economy will likely continue to expand even though much-higher-than-consensus inflation will take increasing bites out of real growth.
- Global Market View — Global Catalysts to Watch: We identify key global developments to watch and potential catalysts that might drive markets going forward.
- Thought of the Week — What Fed Tapering Could Mean for Equity Markets: It may be instructive for investors to review past patterns of market return around the initial stages of Federal Reserve tightening.
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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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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