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CIO REPORTS The Weekly Letter - Merrill Lynch

CIO REPORTSThe Weekly LetterMerrill Lynch Wealth Management makes available products and services o ered by Merrill Lynch , Pierce, Fenner & Smith Incorporated (MLPF&S), a registered broker-dealer and member SIPC, and other subsidiaries of Bank of America Corporation (BofA Corp.).Investment products:Are Not FDIC InsuredAre Not Bank GuaranteedMay Lose Value 2016 Bank of America Corporation. All rights Investment OfficeKarin KimbroughHead of Macro and Economic Policy, Merrill Lynch Wealth ManagementMatthew DiczokManaging Director, Global Wealth and Investment ManagementAUGUST 9, 2016 Recent PublicationsWeekly LetterThemes are in the eye of the beholderRiding the Global WaveMidyear ReviewThe Uncertainty FactorMonthly LetterFor What It s Worth: Something s Happening HereCIO OutlookThe Forces Shaping Our World Libor Rising: The three-month dollar Libor rate is rising again, as it did in 2008.

CIO REPORTS • The Weekly Letter 3 Trailing Economic Releases Vehicle sales for July came in at an annualized rate of 17.7 million. This was above the BofAML Global Research estimate of 17.3 million, and suggests consumer spending remains an important growth driver

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