Capital Market Outlook
October 18, 2021
IN THIS ISSUE
- Macro Strategy — The Global Energy Crunch: Strong demand and tight global supplies of energy are currently driving energy prices higher.
- Global Market View — Yes, The Robots Are Coming And Not A Minute Too Soon: Rarely has the labor/work mismatch been as great as it is today.
- Thought of the Week — Stalling Sentiment Indicates Equity Upside: Various market indicators and surveys suggest that sentiment is in neutral territory at best.
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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