Capital Market Outlook
July 25, 2022
IN THIS ISSUE
- Macro Strategy — A Tri-polar Framework for Potential Catalysts: In surveying potential catalysts for the back half of this year, we use a three-factor framework.
- Global Market View — Scorecard Framework for European Markets: European Equities have exhibited significant return dispersion across individual countries this year, but most have trailed behind U.S. and global markets.
- Thought of the Week — 10 Years of Xi: Chinese Equity indexes have significantly underperformed global benchmarks. Why?
Opinions and data are as of the date of this report and are subject to change.
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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.").
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