Given a backdrop of soft earnings and high valuations, BlackRock Chief Investment Strategist Russ Koesterich discusses why he would not abandon stocks, but instead tilt towards sectors and geographies offering relative value.
Municipal bonds posted a modestly positive March, despite upticks in supply and market volatility. BlackRock muni pros offer their market outlook and explain why pullbacks may present buying opportunities.
With its new guidance, the Fed went a long way towards closing the gap to market expectations. This is important in establishing the best possible environment for mitigating any potential negative market reaction to the first increase in interest rates.
While the Fed has provided a clearer path for U.S. rates, the scenario of of low global rates for longer is not expected to change any time soon. Negative credit rating actions on the asset class remain a concern but the risks are more fairly priced in, and the impact of a stronger dollar varies according to whether EM nations are commodity exporters or importers.
While the U.S. has trouble clearing the high bar, low market expectations for other major developed economies are helping their stocks outperform. Russ Koesterich and his Investment Strategy Group explain how to play the expectations game.