Market take

2025 was a unique year for markets. Natalie Gill, Portfolio Strategist at the BlackRock Investment Institute, unpacks the three key lessons we see for 2026. General disclosure : This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in...

We see the diversification mirage – one of our 2026 Outlook themes – playing out in real time with a sharp spike in global bond yields. Natalie Gill, Portfolio Strategist at the BlackRock Investment Institute, explains. FOR PUBLIC DISTRIBUTION IN THE U.S., CANADA, LATIN AMERICA, AUSTRIA, BELGIUM, DENMARK, FINLAND, FRANCE, GERMANY, IRELAND, ISRAEL, ITALY, LIECHENSTEIN, LUXEMBOURG, NETHERLANDS, NORW...

Recent signs of labor market weakness should allow the Fed to cut again next week, explains Nicholas Fawcett, Senior Economist at the BlackRock Investment Institute. He unpacks what we're looking for in the official data set for release later this month. General disclosure:  This material is intended for information purposes only, and does not constitute investment advice, a recommendation or...

European equities had a flash of outperformance over the U.S. this year and we see bright spots, but the region needs structural reforms to outshine the U.S. Bruno Rovelli, Chief Investment Strategist for Italy at BlackRock, shares more. General disclosure:  This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or soli...

The reopening of the U.S. government will allow the release of backlogged economic data, especially jobs data, helping us take stock of our pro-risk view. Nicholas Fawcett, Chief Investment Strategist at the BlackRock Investment Institute, breaks down the implications.  General disclosure:  This material is intended for information purposes only, and does not constitute investment advice...

At our internal 2026 Forum last week, the AI buildout ran through the debate among our portfolio managers along with other key topics such as stablecoins. Wei Li, Global Chief Investment Strategist at BlackRock, shares some key takeaways. General disclosure:  This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an of...

The U.S. and China trade truce and mega cap tech companies upping planned AI buildout spending last week reinforce how mega forces are playing out in real time. Devan Nathwani, Portfolio Strategist with the BlackRock Investment Institute, explains why these mega forces are key for near-term returns, not just the long term. General disclosure:  This material is intended for information purpose...

A cooling labor market should tee up more Fed rate cuts and support risk assets. Michel Dilmanian, Portfolio Strategist with the BlackRock Investment Institute, explains the updates we've made to the macro scenarios that inform our risk stance. General disclosure:  This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer...

The U.S. third quarter earnings season is off to a strong start. We see three reasons why broad momentum can continue – yet prefer select sectors. Natalie Gill, Portfolio Strategist with the BlackRock Investment Institute, explains where. General disclosure:  This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or sol...

We see the U.S. dollar's slide tied to expected Fed rate cuts and fiscal cuts - not evidence its reserve status is under threat. Ben Powell, Chief Investment Strategist for the Middle East and Asia-Pacific, explains why. General disclosure:  This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purch...

A cooling labor market supports Fed rate cuts and is core to our risk-on stance. U.S. job updates are key, explains BlackRock Investment Institute Senior Economist Nicholas Fawcett, and are now delayed due to the government shutdown. General disclosure:  This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicita...

Japanese stocks are still among our favorites. BlackRock Investment Institute Economist Serena Jiang unpacks how corporate reforms and solid growth are driving equity gains. General disclosure:  This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies...

U.S. rate cuts support our risk-on stance, but we see ample – if select – opportunity in Europe. Roelof Salomons, Chief Investment Strategist for the Netherlands at the BlackRock Investment Institute, shares where. General disclosure:  This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purcha...

We stay risk-on. A notable slowing of activity without recession should support Fed rate cuts, stocks and the AI theme, explains Glenn Purves, Global Head of Macro at the BlackRock Investment Institute. General disclosure:  This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any se...

Emerging markets have had a stellar year so far. Axel Christensen, BlackRock Chief Investment Strategist for Latin America, shares the three key drivers we see powering returns and unpacks why selectivity across countries and sectors is key. General disclosure:  This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or...

As summer ends, we identify three lessons from an eventful 2025 to take into the rest of the year. Michel Dilmanian, Portfolio Strategist at the BlackRock Investment Institute, shares what they are and what they mean for investing. General disclosure:  This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitati...

The surging AI investment in recent tech earnings reports shows that mega forces – big structural shifts like AI – are key drivers of returns. Yet no one knows the long-term outcomes of the economic transformation these mega forces are powering. Devan Nathwani, Portfolio Strategist at the BlackRock Investment Institute, breaks down why it’s important to track multiple scenarios when building...

U.S. corporate strength could cushion the blow from tariffs – yet questions remain about who will pay for tariffs and what sectors will feel them most. Nicholas Fawcett, Senior Portfolio Strategist at the BlackRock Investment Institute, unpacks why corporate earnings have been resilient despite tariffs – and why it’s important to get granular as tariff impacts become clearer.  General di...

Recent U.S. law cements the role of stablecoins as a means of digital payment in the future of finance. Paul Henderson, Senior Portfolio Strategist at the BlackRock Investment Institute, shares what stablecoins are, how they’re being regulated and what that could mean for their growth.  General disclosure:  This material is intended for information purposes only, and does not consti...

Higher-for-longer interest rates offer solid income sources. Michel Dilmanian, Portfolio Strategist at the BlackRock Investment Institute, shares why we favor short- and medium-term government bonds, select credit and more. General disclosure:  This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to pu...

U.S. tariffs may drive more dispersion in market and security returns, creating yet more opportunity to earn alpha, or above-benchmark returns. Vivek Paul, Global Head of Portfolio Research at the BlackRock Investment Institute, shares two ways of capturing this additional alpha on offer. General disclosure:  This material is intended for information purposes only, and does not constitut...

Artificial intelligence and other mega forces are transforming the world – and disrupting traditional long-term macro anchors like stable inflation and predictable growth. To navigate this, the BlackRock Investment Institute outlines three key themes in our 2025 Midyear Outlook. Wei Li, Global Chief Investment Strategist at BlackRock, shares more. General disclosure:  This material is in...

As the end of the 90-day tariff pause looms, we think immutable economic laws will limit extreme policy changes. Nicholas Fawcett, Senior Economist at the BlackRock Investment Institute, discusses how the U.S. administration is shifting to more market-friendly policies, including tax cuts and regulatory reforms.  General disclosure:  This material is intended for information purposes onl...

The geopolitical fragmentation mega force is evolving, with a big focus now on rising defense spending. Catherine Kress, Head of Geopolitical Research & Strategy at BlackRock, highlights how we're refining our investment preferences across regions and sectors in response.   General disclosure:  This material is intended for information purposes only, and does not constitute investmen...

Recent swings in U.S. inflation highlight the volatile economic backdrop, even before the full tariff impact. Nicholas Fawcett, Senior Economist at the BlackRock Investment Institute explains why we tap into mega forces that keep driving returns. General disclosure: This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or s...