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BlackRock on DM equities - earnings expectations too optimistic, economic damage ahead

BlackRock on DM equities -  earnings expectations too optimistic, economic damage ahead
BlackRock Investment Institute have a very downbeat outlook on global stock markets. On the US:We are underweight. Financial cracks are emerging from Fed rate hikes. We don’t think earnings expectations reflect the recession we see ahead.On Europe:We are underweight. The impact of higher interest rates and elevated inflation pose a challenge for earnings, even as the energy shock fades.On the UK:We are underweight. Earnings expectations don’t fully reflect the economic damage we see ahead.I post... Read More
Posted: Jun 1 2023, 01:03
Author Name: forexlive
Views: 110515

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