Market take

Wei Li, BlackRock's Global Chief Investment Strategist, shares how portfolio managers at the BlackRock Investment Institute’s Midyear Forum remain laser focused on how and where to capture opportunities, even as policymaking disrupts markets.  General disclosure: This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or...

Investors now want more compensation for the risk of holding long-term bonds. Michel Dilmanian, Portfolio Strategist at the BlackRock Investment Institute, explains why we see this as a return to past norms and keep our long-held underweight.  General disclosure: This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an off...

Growing power demand has policymakers rethinking the trade-offs between energy sustainability, affordability and security. Hugo Liebaert, part of the Sustainable Research and Analytics team at the BlackRock Investment Institute, highlights how many governments are recalibrating their energy policies and making waves in markets.  General disclosure: This material is intended for informati...

Moody’s U.S. debt downgrade highlights key challenges. Vivek Paul, Global Head of Portfolio Research at the BlackRock Investment Institute, explains why we weigh long-term scenarios but still see U.S. assets playing a core role in global portfolios. General disclosure: This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer o...

We still see tariffs causing further contractions in quarterly activity but the cumulative impact may be more limited. Glenn Purves, Global Head of Macro at the BlackRock Investment Institute, explains why we eye opportunities from mega forces. General disclosure: This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or sol...

The trade conflict, especially between the U.S. and China, is causing major economic disruptions. Nicholas Fawcett, Senior Economist at the BlackRock Investment Institute, explains why we could expect a supply-driven contraction in activity this year. General disclosure: This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer...

Economic rules can quickly bind U.S. policy changes when facing disruption, as seen in last week's trade updates. Michel Dilmanian, Portfolio Strategist at BII explains more about the rules we track. 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,...

We have argued for a few years that mega forces, like geopolitical fragmentation, are transforming the world. U.S. trade policy is adding to this transformation. This isn’t a business cycle, but a long-term structural shift. It raises big questions about the trajectory for global markets, making long-term expectations more sensitive to short-term news. Many different outcomes are feasible. So we n...

The 90-day pause of tariffs on most countries and exemption of key tech imports suggest the U.S. administration is taking some account of financial risks and costs as well as a country’s willingness to engage. It shows there are factors that could put a check on the administration’s maximal tariff stance. As a result, late last week we extended our tactical horizon back to six to 12 months to dial...

Wei Li, Global Chief Investment Strategist at BlackRock, explains why we trim our short-term tactical horizon to three months and reduce risk given escalating global trade tensions. 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 st...

The U.S. has sharply escalated its trade protectionism. Glenn Purves, Global Head of Macro at the BlackRock Investment Institute, explains why we could keep seeing near term pressure on risk assets. 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 s...

Major U.S. policy changes have upped uncertainty in a world of structural shifts. Nicholas Fawcett, Senior Economist at the BlackRock Investment Institute, shares how we’re sizing up economic and market impacts of U.S. policy shifts. General disclosure:  This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or sol...

The U.S. equity pullback has narrowed the performance gap with the rest of the world. Axel Christensen, Chief Investment Strategist for Latin America at the BlackRock Investment Institute, highlights the opportunities we see in markets outside the U.S. General disclosure:  This material is intended for information purposes only, and does not constitute investment advice, a recommendation...

U.S. recession fears have spurred a pullback in stocks yet economic conditions don’t signal a downturn. In this special edition of Market take, Wei Li, Global Chief Investment Strategist at BlackRock, highlights the disconnect in recent market concerns and share why we stay overweight U.S. stocks. General disclosure:  This material is intended for information purposes only, and does not...

Germany’s planned fiscal boost and the U.S. starting to levy hefty tariffs mark major policy shifts. Glenn Purves, Global Head of the BlackRock Investment Institute, discusses how big policy shifts are reinforcing our view that policy rates will stay above pre-pandemic levels. General disclosure:  This material is intended for information purposes only, and does not constitute investment...

We think this uncertain policy landscape requires different views across horizons. Devan Nathwani, Portfolio Strategist at the BlackRock Investment Institute, shares how we're navigating that uncertainty across investment horizons. General disclosure:  This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solic...

We still think U.S. equities can outperform in 2025, led by tech, even as Europe’s start the year strong. Roelof Salomons, Chief Investment Strategist for the Netherlands at the BlackRock Investment Institute, explains why we’re broadening our pro-risk view by upgrading European equities.  General disclosure:  This material is intended for information purposes only, and does not con...

We see structural shifts like artificial intelligence (AI) transforming economies and driving energy demand. Chris Weber, Head of Climate Research at the BlackRock Investment Institute, highlights how expectations of rising power demand partly due to AI are driving market volatility.  General disclosure:  This material is intended for information purposes only, and does not constitu...

U.S. policy shifts and artificial intelligence advances have driven sharp market volatility so far this year. Michel Dilmanian, Portfolio Strategist at the BlackRock Investment Institute, discusses how we’re adapting our short-term tactical views. General disclosure:  This material is intended for information purposes only, and does not constitute investment advice, a recommendation or a...

Recent developments in artificial intelligence (AI) have forced markets to rethink their AI assumptions. Paul Henderson, Senior Portfolio Strategist at the BlackRock Investment Institute, describes the framework helping us track AI’s progress. General disclosure:  This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer o...

Corporate earnings beats have set the tone for the Q4 season in swing. Carolina Martinez Arevalo, Portfolio Strategist at the BlackRock Investment Institute, shares why we think U.S. stocks can keep outperforming this year, even with higher-for-longer interest rates. General disclosure:  This material is intended for information purposes only, and does not constitute investment advice, a reco...

Long-term bond yields have jumped as markets have embraced our previously contrarian high-for-longer view. Michel Dilmanian, Portfolio Strategist at the BlackRock Investment Institute, shares why that doesn’t necessarily spell pain for stocks. General disclosure:  This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer o...

We are pro-risk to kick off 2025. Yet Wei Li, Global Chief Investment Strategist at BlackRock, discusses how we’re ready to evolve our view if policy changes, corporate earnings results and financial market cracks spur volatility. General disclosure:  This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitatio...

Wei Li, Global Chief Investment Strategist at BlackRock, highlights the three investment lessons from 2024 that are helping shape our outlook in the new year. 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 pe...

We believe economies are undergoing a transformation that could keep shifting the long-term economic trend. Vivek Paul, Global Head of Portfolio Research at the BlackRock Investment Institute, discusses why transformation calls for adding new portfolio diversifiers like bitcoin. General disclosure:  This material is intended for information purposes only, and does not constitute investment ad...