Are you buying during this declining market? The largest asset manager in the world explains why they aren't:
BlackRock has argued that investors are dealing with a “regime shift” as the COVID-19 pandemic upended an unusual period of mild volatility in output and inflation, heralding a more volatile market environment that carries echoes of the early 1980s. […]
“In the short term, we’re underweight developed market (DM) equities on a worsening macro outlook. Central banks look set to overtighten policy and stall the economic restart. The recessions we predict are not priced into equities, we think. That’s why we aren’t buying the dip,” they wrote.
MarketWatch: "Bad news for stocks: Fed will be surprised how hard rate hikes hit economy, says BlackRock"
https://www.marketwatch.com/story/bad-news-for-stocks-fed-will-be-surprised-how-hard-rate-hikes-hit-economy-says-blackrock-11662494101
submitted by /u/EightFolding
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