BlackRock Investment Institute Stays Bullish on US Equities
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BlackRock Investment Institute: US Equities Outlook
BlackRock Investment Institute remains bullish on US equities despite recent market highs. The institute maintains a tactical overweight position, citing supportive factors such as falling inflation and strong corporate earnings.
Key Points:
- Positive Stance: BlackRock favors buying US equities
- Supportive Factors: Falling inflation, potential Fed rate cuts, and strong corporate earnings
- Market Expectations: Broadening risk appetite beyond tech sectors with AI adoption
We see stock markets looking through recent sticky U.S. inflation and dwindling expectations of Fed rate cuts.
The Fed reiterating its forecast for three rate cuts in 2024 last week gave markets the thumbs up to stay upbeat.