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Capital Market Outlook

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June 21, 2022

IN THIS ISSUE

  • Macro Strategy — All Together Now: Production, international trade, corporate earnings and sentiment are likely to remain headed in the wrong direction.

  • Global Market View — A Scorecard Framework for Emerging Markets: Five key market drivers to help assess the relative prospects across 20 major countries and three major regions in the current environment.

  • Thought of the Week —  Muni Valuations, Once Cheap, Have Since Richened: While we believe that short municipals still offer a decent risk-reward, further significant outperformance on the short end should not be expected.​

 

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A Merrill Contribution
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Capital Market Outlook
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