The pandemic recession is in the rear-view mirror and a new cycle of global expansion has launched, a Bank of America Private Bank senior strategist says | Markets Insider

Marci McGregor, senior investment strategist, Chief Investment Office, Merrill and Bank of America Private Bank, told Bloomberg on Monday that the recession is in the rear-view mirror and a synchronized expansion is underway around the world.

Investors should diversify their portfolios with quality bonds and gold as this expansion continues, according to McGregor.Marci McGregor, senior investment strategist, Chief Investment Office, Merrill and Bank of America Private Bank, told Bloomberg on Monday that the global economy is entering into"a synchronized expansion."

The strategist said that strong trends in housing are an indicator that the economy is in the"early innings" of a new expansion. She said contrary to popular belief, strong housing cycles tend to begin when unemployment is high. McGregor also said the resilient consumer and positive retail sales are promising signs that an expansion is underway.Bruce Fraser outperformed the S&P 500 by nearly 286% as a hedge fund manager before switching to real-estate investing.

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