Bank of America/Merrill Lynch internal note on a new economic leading indicator (LILI)

Bank of America/Merrill Lynch internal note on a new economic leading indicator (LILI) The document is a routine research memo describing a proprietary economic forecasting tool. It contains no allegations, financial flows, or references to high‑profile individuals or misconduct, offering no actionable investigative leads. Key insights: Authored by Carlos Capistran of Merrill Lynch (Mexico).; Introduces "Leading Indicator of Leading Indicators" (LILI) based on qualitative confidence data.; Claims LILI predicts OECD Composite Leading Indicator (CLI) by four months and global growth by seven months.