Market Decode: The great eight reasons

 

Even with stocks experiencing tremendous growth over the past decade, some analysts have recently suggested that the equity market’s best days are behind us. The reality, however, may turn out to be a little more nuanced.

 

“While history is an important teacher and returns may not quite match the past decade, some fundamental changes in the business, economic and market landscape make stocks still attractive moving forward, in our view. We call these changes the ‘Great Eight Reasons,’” says Chris Hyzy, Chief Investment Officer for Merrill and Bank of America Private Bank.

In this Market Decode, Hyzy expands on these reasons and explains why stocks may still have room to grow, even at a time of premium valuations.

 

For more on the topic, read the article, “The surprising resilience of the S&P 500.” And for the latest developments, tune into our regular Market Update audiocasts.

 

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Important disclosures

 

The opinions expressed are as of 10/24/2024 and are subject to change.

 

Investing involves risk, including the possible loss of principal.

 

Past performance is no guarantee of future results.

 

Asset allocation and diversification do not ensure a profit or protect against loss in declining markets.

 

Equity securities are subject to stock market fluctuations that occur in response to economic and business developments.

 

This information should not be construed as investment advice and is subject to change. It is provided for informational purposes only and is not intended to be either a specific offer by Bank of America, Merrill or any affiliate to sell or provide, or a specific invitation for a consumer to apply for, any particular retail financial product or service that may be available.

 

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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Investing involves risk. There is always the potential of losing money when you invest in securities. Past performance does not guarantee future results. Asset allocation, rebalancing and diversification do not guarantee against risk in broadly declining markets.

Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

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