Broker Research: Sector, Macro and Strategy Notes

BofA Securities·2026-09-15Sector

BofA Securities·2026-09-14Sector

AMD NVDA ADI AMAT INTC LRCX MRVL MU ONNVIDIA·Top pickAMD·Top pickMarvell·Top pickGlobal semiconductor sales: BofA forecastCY30Wafer fab equipment spending: BofA forecastCY26Wafer fab equipment spending: BofA forecastCY27

BofA Securities·2026-09-10Thematic

BofA Securities·2026-09-10Strategy

BofA Bull & Bear Indicator: BofA readingSep 2026

BofA Securities·2026-09-09Sector

TENCENT NTES259960.KS9697.TSE.USTencent·OverweightNetEase·OverweightChina Online Games·Overweight

BofA Securities·2026-09-08Rates

US 5y Treasuries·OverweightLong-end JGBs·OverweightUS 10y20y inflation swaps·OverweightFed funds rate: 4.375% at YE26 (hike priced into forecast)YE26US 10y Treasury yield: 4.50%YE26ECB refi rate: 2.65%YE26ECB refi rate: 2.15%YE2710y Bund yield: 3.15%YE26BoJ policy rate: 1.50%YE2610y JGB yield: 3.00%YE26BoE base rate: 3.75%YE26RBA: hike in September2026-09

BofA Securities·2026-09-04Macro

US real GDP growth: BofA tracking estimate3Q 2026

BofA Securities·2026-09-04Strategy

JPY·OverweightAUD·OverweightUSD/JPY: BofA forecastYE 2026

BofA Securities·2026-09-04Strategy

US Treasuries 5y·Overweight

BofA Securities·2026-09-04Macro

ECB policy rate change: BofA forecastSep 2026 meeting

BofA Securities·2026-09-04Macro

LME cash copper: BofA forecast2027

BofA Securities·2026-09-04Sector

Memory·Overweight

BofA Securities·2026-09-04Strategy

European equities·UnderweightEuropean cyclicals·UnderweightEuropean financials·UnderweightEuropean staples·OverweightEuropean pharma·OverweightFed hikes in 2026: BofA economists base case2026

BofA Securities·2026-09-02Sector

2319.HK600519.SHChina dairy·OverweightChina snack discounters·Overweight

BofA Securities·2026-09-01Sector

0268.HK1357.HK688111.SHGDS.USKC.USVNET.USChina software and cloud·Overweight

BofA Securities·2026-09-01Sector

002080.SZ600176.SHAI materials (e-glass)·Overweight

BofA Securities·2026-09-01Sector

0688.HK1109.HK2202.HKCR Land·OverweightChina Vanke·Underweight

BofA Securities·2026-09-01Sector

FM.TOIVN.TOCopper miners·OverweightCopper price: spot2026-09-01

BofA Securities·2026-08-31Sector

0123.HK0688.HK1109.HK2202.HK600048.SHChina property developers with strong balance sheets·Overweight

BofA Securities·2026-08-31Sector

China home appliances·Overweight

Research: Broker notes on sectors, macro, rates and strategy

Global Nuclear Postcard from the 2026 WNA Symposium: converting big ambition to bold action

US Semiconductors State of the Union-raising estimates, industry TAM doubling to $3.2tn CY30

The Quantum Computing Dictionary

The Flow Show Those yields might not hurt yet, but diesel

Asia Gaming-Playing the new growth cycle in the AI world...

Global Rates Viewpoint Back to school ’26: Learning to lean long

US Economic Weekly: In the interest of time

Global FX weekly: Means to a Yen

Global Rates Weekly: Bonds falling, autumn calling

Global Economic Weekly : Is this a Kohn day or a Bernanke day?

Global Metals Weekly: China’s Zeitenwende as the US saves copper

Global Memory Tech Weekly theme-Japan conf takeaways and investor feedback, Sept spot price upside

What if the Fed hikes in September-

China Consumer (H-A) Learnings from earnings-highlights vs. lowlights in 1H26

Software - China (H-A) Mixed 2Q26-1H26 results; AI demand strong; resilient growth eases AI disruption concerns

AI Materials - China (H-A) Jushi & Sinoma-e-glass upcycle sustaining longer; Sep e-glass & CCL price hike

China Property (H-A) Developers’ reaction to presales reforms; 1H26 earnings wrap and Aug sales

Global Copper Copper price back to setting new all-time highs-what is priced into the equities-

China Property (H A) Presales reforms: short-term pain, but long-term gain for market leaders

Home Appliance - China (H-A) Sequential recovery in 2H26, with deep value & yield support