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US equites - BlackRock says there is too much optimism about corporate earnings
BlackRock Investment Institute with the cautionary heads up:“About half of expected earnings growth is tied to mega caps ... according to LSEG data, where the artificial intelligence (AI) mega force is well represented. Backing those out ... expectations for broad equities are muted and overly optimistic, in our view,” “Broad equities have started to adjust to the new regime of greater volatility, but don’t fully reflect the macro damage we expect,” This article was written by...
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Posted: Oct 24 2023, 00:28
Author Name: forexlive
Views: 112278