A sign for BlackRock Inc hangs above their building in New York.
Lucas Jackson | Reuters
LONDON — Stock picking is going to be more important for investors than macroeconomic themes in 2022, according to BlackRock‘s Nigel Bolton.
Markets continue to grind higher against a backdrop of uncertainty, and developments on the Covid-19 front, global supply chain problems, persistent high inflation and potential monetary policy tightening from central banks remain key downside risks going into the new year.
Stock markets had led a broad bull run for risk assets over the past 18 months, although the emergence of the new omicron Covid variant recently resurfaced some volatility. Bolton suggested…