1 “Inflation Speeds Up in April As Consumer Prices Leap 4.2%, Fastest Since 2008,” CNBC, May 12, 2021
2 Source: Chief Investment Office, Bureau of Labor Statistics. Data from 11/30/1961 through 1/31/21.
Opinions are as of the date of this article and are subject to change.
Investing involves risk including possible loss of principal. Past performance is no guarantee of future results.
Asset allocation, diversification and rebalancing do not ensure a profit or protect against loss in declining markets.
There are special risks associated with an investment in commodities, including market price fluctuations,
regulatory changes, interest rate changes, credit risk, economic changes, and the impact of adverse
political or financial factors.
Equity securities are subject to stock market fluctuations that occur in response to economic and business developments.
Bonds are subject to interest rate, inflation and credit risks.
Bank of America does not predict any increase or decrease in interest rates or home values. Investments in real estate securities can be subject to fluctuations in the value of the underlying properties, the effect of economic conditions on real estate values, changes in interest rates, and risks related to renting properties, such as rental defaults.
Forecasts are hypothetical and may change due to market conditions.
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 (“BofA Corp.").