Every month, the BofA Merrill Lynch Global Research Investment Committee (RIC) meets to provide clients with an analysis of key issues that drive U.S. and global economies. The result is the RIC Report, which offers Merrill Lynch clients a wealth of actionable ideas to discuss with their Financial Advisors.
Michael Hartnett, Chief Global Equity Strategist and Chairman of the Research Investment Committee, presents the September 2009 RIC Report. The Report recommends a number of strategies designed to help investors take advantage of the burgeoning recovery. Among the highlights: above-consensus U.S. GDP growth of roughly 3.5% over the next six quarters and a new S&P 500 target of 1200 over the next 12 months, as well as opportunities in the technology, energy and financial sectors for those seeking to tap into recovery-driven growth, and consumer staples for those interested in maintaining a defensive posture.
