BlackRock sees risks for U.S. stocks in the second half from virus and politics


BlackRock’s global chief investment strategist said after the market’s strong gains, he is more cautious on U.S. stocks into the second half of the year because of risks from fading fiscal stimulus and potential election volatility.

The BlackRock Investment Institute, in its second-half outlook, said it retains equities at neutral, or benchmark weight in portfolios. Within that, it has an overweight on European stocks, underweight on emerging markets and neutral, or more cautious view on U.S. equities. It also favors higher-quality names across the board.

“We entered the year overweight equities and credit. At the very end of February, as the storms gathering around the coronavirus became…


Drone deliveries and holograph shopping are being fast tracked thanks to coronavirus: here are some companies set to benefit

Previous article

Burger King’s U.S. same-store sales are flat as fast-food customers return

Next article

You may also like

Leave a Reply

Notify of

More in Investing