New sector leaders — and losers. What’s working? What’s not?
A deep dive into emerging trends reshaping the equity markets and economy
MIDWAY THROUGH A YEAR of conflicting signals affecting the stock market, bright spots and warning signs are emerging for investors. What’s working? “A new profit cycle is building, with new leaders emerging in areas such as innovative infrastructure, domestic manufacturing and cybersecurity,” says Chris Hyzy, Chief Investment Officer for Merrill and Bank of America Private Bank.
What’s not? “Energy equities, for one,” says Brian Daley, senior portfolio manager for the Chief Investment Office (CIO). “Clearly, there's been a pivot in the overall global energy supply.” Continuing inflation, geopolitical tension and policy uncertainty could continue to affect this and other vulnerable sectors. In the video above, Hyzy and Daley highlight more potential new winners and losers, as well as the key indicators they’re watching, and suggest short- and long-term ideas that could help you prepare for emerging trends.
For latest insights on the markets, tune in regularly to the CIO's Market Update audiocast series.
Important disclosures
The opinions expressed are as of 7/10/2025 and are subject to change.
Investing involves risk, including the possible loss of principal.
Past performance is no guarantee of future results.
Investments have varying degrees of risk. Some of the risks involved with equity securities include the possibility that the value of the stocks may fluctuate in response to events specific to the companies or markets, as well as economic, political or social events in the U.S. or abroad. Investments in a certain industry or sector may pose additional risk due to lack of diversification and sector concentration.
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.”).
