Six months down … and so far 2015 has been playing out largely to script. The divergence in economic growth and central bank policy that we identified in January had some predictable effects: a rising dollar and falling commodities prices, among them. But the first half also delivered a surprise or two: an early-year drop in interest rates and a U.S. economy that paled relative to expectations.
In the second half, both rates and the economy look to be headed up. And, of course, the Federal Reserve is priming markets for the first rate hike in nearly 10 years. We discuss all of this and more in the Mid-Year Update to The BlackRock List, our rundown of 5 to-knows and 5 to-do’s worthy of investor consideration.