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BlackRock are are underweight U.S. equities, say valuations have not fallen enough yet
This is a six to 12 month view from the firm, in brief:
- We are underweight U.S. equities.
- The Fed intends to raise rates into restrictive territory. The year-to-date selloff partly reflects this. Yet valuations have not come down enough to reflect weaker earnings prospects.
On European stocks too:
- We are underweight European equities as the fresh energy price shock in the aftermath of the tragic war in Ukraine puts the region at risk of stagflation.<... Read More
Posted: Nov 10 2022, 04:15
Author Name: forexlive
Views: 102295
