Episode length 28:06
February 8, 2021
While 2020 brought tremendous disruption to our lives, 2021 could well be a time of transition and renewal, notes Candace Browning, head of BofA Global Research. And the changes unfolding over the next few months could have important implications for the economy, the markets and our financial lives.
First 200 Days: What Investors Need to Know
In this wide-ranging conversation, Browning and her co-hosts, Chris Hyzy, Savita Subramanian and Ed Hill, unpack the core policy priorities of the new Biden administration—including a major stimulus plan, and climate change and infrastructure initiatives—and how these might affect different sectors of the economy.
They discuss what’s most needed to spur economic growth and point to positive developments they’re watching for. These include a surge in consumer spending on services as the economy reopens, a pick-up in capital expenditures (CapEx) by businesses, and the continued “reshoring” of supply chains and jobs back to the U.S. They also explore the shifts we could see in the U.S.-China relationship and how that might affect the technology race between the two countries. And they conclude with important insights on what all these changes could mean for the markets and how investors think about opportunities and risks in 2021 and beyond.
Institutional Investor magazine announced BofA Global Research as the Top Global Research Firm in 2019 based on surveys held throughout the year. The magazine creates rankings of the top research analysts in a wide variety of specializations, drawn from the choices of portfolio managers and other investment professionals at more than 1,000 firms. BofA Global Research is research produced by BofA Securities, Inc (“BofAS”) and/or one or more of its affiliates. BofAS is a registered broker-dealer, Member SIPC, and wholly owned subsidiary of Bank of America Corporation. For more information about this award, go to https://www.institutionalinvestor.com/article/b1j05gxjsr0zwj/The-Top-Research-Firm-in-the-World-Is. Rankings and recognition from Institutional Investor are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results and such rankings should not be construed as an endorsement.
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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