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Economic and Industry Outlooks

12/14/16 3:33 pm EST

For the sixth year running and since the recognition’s inception, Bank of America Merrill Lynch was named Institutional Investor magazine’s “Top Global Research Firm of 2016.” This was achieved by BofA Merrill Lynch Global Research winning 225 total team positions – more than any other firm – in the 11 Institutional Investor research team surveys published this year. 

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12/7/16 11:30 am EST

BofA Merrill Lynch Global Research today issued its outlook for the markets in 2017 with cautious optimism for accelerating U.S. and global economic growth, improving corporate fundamentals, modest stock gains and higher yields on expectations of fiscal stimulus and regulatory policy easing. Full-on optimism is tempered by the rippling effects of rising inflation, a stronger dollar, weak credit markets, uncertain commodity pricing, and game- more...

11/23/16 12:04 pm EST

Following an annual review in accordance with its rules, the target constituent weights for the BofA Merrill Lynch Commodity Index eXtra (MLCX) will rebalance to the values shown in Table 1 below on December 31, 2016. Similar changes will propagate across the MLCX sub-indices.

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10/13/16 11:01 am EDT

A newly released Bank of America/USA TODAY Better Money Habits® Report finds that for 18- to 26-year-olds in Columbia, the definition of adulthood has changed: it is less about age and more about financial independence. In fact, 49 percent did not feel like adults when they turned 18.

When asked to define adulthood, this age group, which includes the youngest millennials, as well as the oldest members of Generation Z, responded “working or having a full time job” as the top answer. Additionally more...

10/11/16 11:28 am EDT

A newly released Bank of America/USA TODAY Better Money Habits® Report finds that 18- to 26-year-olds in Seattle-Tacoma are notably self-sufficient when it comes to their finances. In fact, they are taking on more financial responsibilities than their peers around the country, and more are saving for retirement than in any of the 11 markets surveyed.

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10/11/16 11:23 am EDT

A newly released Bank of America/USA TODAY Better Money Habits® Report finds that for more than half (54 percent) of 18- to 26-year-olds in the Charlotte area, 18 is no longer the mark of adulthood. When asked to define adulthood, this age group, which includes the youngest millennials as well as the oldest members of Generation Z, responded with “financial independence” as the top answer. Additionally: more...

10/11/16 11:05 am EDT

A newly released Bank of America/USA TODAY Better Money Habits® Report finds that 18- to 26-year-olds in Ohio plan to vote with their pocketbooks in the upcoming presidential election. According to the report, which surveyed the youngest millennials and the oldest of Generation Z, the majority say that economic issues (68 percent) are more important to them than social issues (32 percent) in how they vote. Specifically:

  • When asked which issues matter most, job growth/unemployment (33 more...

10/11/16 11:05 am EDT

A newly released Bank of America/USA TODAY Better Money Habits® Report finds that 18- to 26-year-olds in the Philadelphia-Wilmington area are much more likely to be living at home with their parents than their peers across the country. Seventy-six percent are still living at home, while only 52 percent nationally are doing so.

In general, the group surveyed, which includes the youngest millennials as well as the oldest members of Generation Z, appears to need significant financial support. more...

10/11/16 11:00 am EDT

A newly released Bank of America/USA TODAY Better Money Habits® Report finds that while 18- to 26-year-olds in the Phoenix region still rely on their parents financially, most say they are saving and feeling optimistic about what lies ahead.

Many of those surveyed, which includes the youngest millennials as well as the oldest members of Generation Z, still lean on others for financial support. Specifically:

  • Less than half – 48 percent – pay their own cell phone bills.

  • Forty-six percent still live more...

10/11/16 11:00 am EDT

A newly released Bank of America/USA TODAY Better Money Habits® Report finds that 18- to 26-year-olds in the Raleigh-Durham area are notably good at saving but having trouble making ends meet on their own right now.

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10/11/16 11:00 am EDT

A newly released Bank of America/USA TODAY Better Money Habits® Report finds that for 18- to 26-year-olds in the San Francisco area, the definition of adulthood has changed: it is less about age and more about financial independence. In fact, 75 percent did not feel like adults when they turned 18. For a quarter, adulthood does not officially begin until at least age 25.

When asked to define adulthood, this age group, which includes the youngest millennials as well as the oldest members of more...

10/6/16 9:00 am EDT

A new Bank of America/USA TODAY Better Money Habits® Report released today finds that for young Americans, the definition of adulthood has changed: it is less about age and more about financial independence. According to the report, which surveyed 18- to 26-year-olds across the country, most young people (62 percent) do not feel like adults when they turn 18.

For this age group, which includes younger millennials as well as older members of Generation Z, adulthood is less about age and more more...

1/20/16 8:30 am EST

With increasing concern over China’s growth, investors are significantly less confident in the global economic outlook, according to the BofA Merrill Lynch Fund Manager Survey for January. Allocations to equities have fallen sharply, while cash holdings have risen.

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12/15/15 8:30 am EST

A majority (58 percent) of global investors expect the U.S. Federal Reserve (Fed) to raise rates three times or more in the coming 12 months, according to the BofA Merrill Lynch Fund Manager Survey for December.

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12/11/15 10:00 am EST

Following an annual review in accordance with its rules, the target constituent weights for the BofA Merrill Lynch Commodity Index eXtra (MLCX) will rebalance to the values shown in Table 1 below on December 31, 2015. Similar changes will propagate across the MLCX sub-indices.

more...
12/8/15 11:30 am EST

BofA Merrill Lynch Global Research today released its outlook for the markets in 2016, forecasting a year of modest global and U.S. economic growth, the start of a slow, emerging markets recovery and single-digit stock returns led by high-quality cyclicals. However, with the world’s two largest economies – U.S. and China – set to diverge on monetary policy and a contrarian expectation of further weakness in China, next year’s market outlook is more...

11/17/15 2:00 pm EST

Bank of America Merrill Lynch released its 2016 CFO Outlook today, reporting that CFOs rate the U.S. economy is at its highest level since the 2008 recession and predict continued growth for their companies and workforce in 2016.

In a survey of 500 financial executives from companies with annual revenues ranging from $25 million to $2 billion, a majority of CFOs report the outlook for the economy and their companies as increasingly more...

11/17/15 8:30 am EST

Investors have regained some appetite for risk with a strong consensus over a U.S. rate rise next month, according to the BofA Merrill Lynch Fund Manager Survey for November. With growth and inflation expectations notably higher after new U.S. payroll data, they have cut cash holdings and increased exposure to equities, real estate and alternative investments.

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10/13/15 8:30 am EDT

Investors are expressing growing skepticism that the U.S. Federal Reserve (Fed) will raise rates this year amid fragility in the global economy and earnings, according to the BofA Merrill Lynch Fund Manager Survey for October.

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9/15/15 8:30 am EDT

Global investors’ confidence in the world’s economic outlook has fallen significantly due to concerns over China and emerging markets, according to the BofA Merrill Lynch Fund Manager Survey for September. Asset allocators have adopted a “risk-off” stance in response.

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8/18/15 8:30 am EDT

Global investors have shifted their attention from Greece to China amid continued concern of a Chinese recession, according to the BofA Merrill Lynch Fund Manager Survey for August. Respondents are scaling back their expectations for economic growth.

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7/14/15 8:30 am EDT

Global investors have raised their holdings of cash significantly in response to a weaker global economic outlook, particularly in China, according to the BofA Merrill Lynch Fund Manager Survey for July. Overall, equity allocations are unaffected by the higher risk aversion, however.

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6/16/15 8:30 am EDT

Global investors have moved out of equities into cash ahead of an expected U.S. Fed rate hike, according to June’s BofA Merrill Lynch Fund Manager Survey (FMS). Investors have also shown concern about a Greek default and a possible bubble in Chinese equities as they have scaled back risk.

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5/19/15 8:30 am EDT

Global investors have less appetite for higher risk exposures, particularly in the U.S., according to the BofA Merrill Lynch Fund Manager Survey for May.

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4/14/15 8:30 am EDT

Investors see growing overvaluations in both bonds and equities and have signaled concern about a valuation bubble forming, according to the BofA Merrill Lynch Fund Manager Survey for April.

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