Back to homepage

Posts From BlackRock

The case for active equities in the U.S.

The case for active equities in the U.S.

🕔13:18, 10.Jan 2022

Using a systematic approach to target consistent alpha Not just active, systematic active In decades past, investors have largely relied on information supplied by companies themselves to understand how business conditions and fundamentals were evolving.  Financial statements, meetings with management

Read Full Article
2022 Private Markets Outlook

2022 Private Markets Outlook

🕔16:26, 5.Jan 2022

We enter 2022 with a lot to consider. The paths of inflation and interest rates, the profound effects of megatrends such as digitization and decarbonization and numerous sub-themes all demand our immediate attention. As private market investors we view this

Read Full Article
Global outlook 2022

Global outlook 2022

🕔14:08, 5.Jan 2022

Living with inflation – We expect inflation to be persistent and settle above pre-Covid levels. Central banks should kick off policy rate hikes but remain more tolerant of price pressures, keeping real interest rates historically low and supportive of risk

Read Full Article
Thriving in a new market regime

Thriving in a new market regime

🕔13:38, 4.Jan 2022

BII Global outlook We are entering a new market regime unlike any in the past half century: We see another year of positive equity returns coupled with a down year for bonds. The powerful restart of economic activity will be

Read Full Article
Liftoff? EM has already taken off

Liftoff? EM has already taken off

🕔14:12, 29.Nov 2021

As U.S. inflation is hitting three-decade highs, market talk has been all about “liftoff:” When will the Federal Reserve and others start raising their policy rates? This is old news in emerging markets (EMs), where many countries have already raised

Read Full Article
A lopsided energy transition

A lopsided energy transition

🕔12:02, 8.Nov 2021

Weekly commentary: Surging natural gas and coal prices amid a powerful economic restart have exposed a lopsided transition toward low-carbon power. We still see an orderly transition in the medium term – but with bumps on the way that could

Read Full Article
How to finance the net-zero transition in emerging markets

How to finance the net-zero transition in emerging markets

🕔16:38, 19.Oct 2021

The big emerging question Climate change is a global problem: without a successful transition to net-zero everywhere, climate risk is unmanageable anywhere. Emerging markets (EMs) are essential to the global transition – now accounting for 34% of global carbon emissions

Read Full Article
Debt ceiling spat takes a breather

Debt ceiling spat takes a breather

🕔14:25, 18.Oct 2021

BII Global weekly commentary We believe the debt ceiling dispute will eventually resolve but could trigger more volatility. The broadening economic restart keeps us tactically pro-risk. U.S. job growth slowed sharply in September, but we see it as unlikely to

Read Full Article
Why we stay pro-risk

Why we stay pro-risk

🕔09:16, 4.Oct 2021

BII Global weekly commentary We stay tactically pro-risk amid the broadening economic restart, with negative real rates supporting risk assets – as per our new nominal theme. The Fed signaled it will start to taper around the year-end. Its reluctance

Read Full Article
BII Global weekly commentary

BII Global weekly commentary

🕔10:38, 15.Sep 2021

BII Global weekly commentary Europe is in the spotlight this month, with a key European Central Bank (ECB) meeting and a pivotal German election that could have significant medium-term implications for the fiscal stance of Europe’s largest economy. We see

Read Full Article
Getting granular

Getting granular

🕔13:03, 23.Aug 2021

Portfolio perspectives – August 2021: The volatility we have seen just in the two months since we published our midyear investment outlook reflects – in our view – the unusually wide range of divergent yet plausible economic outcomes that potentially

Read Full Article
Taking stock on China

Taking stock on China

🕔11:16, 9.Aug 2021

Slower activity We see last week’s developments in line with China’s long-term hawkish macro policy stance and regulatory clampdown as the country pursues quality growth. This process is not a straight line, and we see a dovish shift in the

Read Full Article
A taxing question for U.S. stocks

A taxing question for U.S. stocks

🕔08:20, 16.Jul 2021

We see equities in developed markets (DMs) outside the U.S. as better positioned to capture the …

Read Full Article
Tempting FAIT

Tempting FAIT

🕔15:36, 29.Jun 2021

Systematic Fixed Income Outlook: BlackRock’s quant bond experts tackle some hard questions around the recent inflation data. What is behind the headlines? Are rising prices just temporary or the start of something bigger? What does greater inflation uncertainty mean for

Read Full Article
Sizing China in strategic allocations

Sizing China in strategic allocations

🕔11:27, 11.May 2021

The narrative around China has shifted away markedly, in our view, from concerns about the health of its financial system and credit-fueled growth. Its economic and market outperformance through yet another global shock has brought sharply into focus the important

Read Full Article
Commodities rewired

Commodities rewired

🕔14:03, 15.Apr 2021

Oil and industrial metals have rallied since late-2020 on expectations for a swift economic restart, sparking talk of a new commodity “supercycle.” We see a more nuanced outlook – with a divergence across different commodities. The lift for oil from the economic restart is likely to be transitory, while some metals may benefit …

Read Full Article
What’s in store for emerging markets?

What’s in store for emerging markets?

🕔16:01, 10.Mar 2021

What’s in store for emerging markets?   Q1 2021 Outlook   Emerging markets experienced a strong recovery both in activity and capital inflows in Q4 2020, supported by intense search for yield and a more optimistic global growth outlook thanks to vaccine

Read Full Article
Downgrading government bonds

Downgrading government bonds

🕔16:28, 25.Feb 2021

Downgrading government bonds  Weekly commentary We broaden our tactical pro-risk stance in light of major developments since the publication of our 2021 outlook in December: the vaccine rollout and up to $2.8 trillion of additional U.S. fiscal spending this year.

Read Full Article
A new investment order

A new investment order

🕔16:21, 12.Jan 2021

A new investment order – 2021 global outlook We have entered a new investment order. The Covid-19 pandemic has accelerated profound shifts in how economies and societies operate. We see transformations across sustainability, inequality, geopolitics and macro policy. This is

Read Full Article
Vaccines shape 2021 outlook

Vaccines shape 2021 outlook

🕔09:26, 24.Nov 2020

"We still like high yield for income. On a tactical horizon, we strongly prefer high yield for its income and more room for spread tightening. We are neutral on IG and underweight emerging market debt."

Read Full Article
U.S. election through a sectoral lens

U.S. election through a sectoral lens

🕔14:57, 16.Oct 2020

Weekly commentary The potential outcomes of the November U.S. election could have starkly different policy ramifications, as we argued last week. What will this mean for equity markets? We believe simplistic narratives about the overall market direction are best avoided

Read Full Article
Greater inflation risks ahead

Greater inflation risks ahead

🕔09:38, 23.Sep 2020

Weekly commentary We see a higher inflation regime in the medium term after a decade of inflation persistently undershooting central bank targets. Three new forces are at play: rising global production cost, new central bank policy frameworks that allow for …

Read Full Article
Why we stay moderately pro-risk

Why we stay moderately pro-risk

🕔13:01, 15.Sep 2020

Weekly commentary The broad macro backdrop has been improving, risk assets have rallied a long way, and increasing market volatility points to risks that investors will need to navigate as the U.S. presidential election draws closer. All this leaves us …

Read Full Article
Changing credit views amid volatility

Changing credit views amid volatility

🕔08:03, 9.Sep 2020

Weekly commentary Markets have rallied sharply from their virus lows, driven by the policy revolution and economic restart. Tighter valuations increase the risk of volatility, particularly ahead of divisive U.S. elections. Last week’s equity selloff illustrates this. Against …

Read Full Article
Strategic views for a post-Covid world

Strategic views for a post-Covid world

🕔12:51, 26.Aug 2020

Weekly commentary The pandemic has sped up key structural trends and triggered substantial market swings, precipitating an urgent need to rethink strategic asset allocations. Among …

Read Full Article
Implications of a weaker dollar

Implications of a weaker dollar

🕔15:12, 12.Aug 2020

Weekly commentary A prolonged period of U.S. dollar gains has reversed abruptly. The policy revolution to cushion the pandemic’s blow is a key driver, as it has eroded the dollar’s interest rate advantage and helped lift risk appetite off its

Read Full Article
Focusing on factors

Focusing on factors

🕔13:14, 10.Aug 2020

Weekly commentary Corporate earnings estimates look to be troughing as economies reopen with fits and starts. We have increased our overweight in the quality factor because we see it as most resilient to the dynamics of a choppy activity restart,

Read Full Article
Real resilience in sustainability

Real resilience in sustainability

🕔09:44, 31.Jul 2020

The tectonic shift toward sustainability is gaining pace. We highlight an underappreciated climate-related risk to portfolios: water stress. Negotiations have kicked off over the size and make-up of a new U.S. fiscal package as key benefits are set to expire

Read Full Article
Favoring Euro stocks in global restart

Favoring Euro stocks in global restart

🕔13:16, 22.Jul 2020

We consider European stocks the most attractive regional exposure to a multispeed global restart, especially versus emerging markets outside of north Asia. We could see a $1-1.5 trillion U.S. fiscal package that extends some, but not all, federal stimulus measures

Read Full Article
Troubled waters – Water stress risks to portfolios

Troubled waters – Water stress risks to portfolios

🕔09:30, 20.Jul 2020

An understated risk The global pandemic has reinforced the importance of resilience in investment portfolios. This includes sustainability-related risks that investors may have been underappreciating, ranging from vulnerable global supply chains to health and safety issues. We believe increased asset

Read Full Article
Why we like credit

Why we like credit

🕔09:26, 16.Jul 2020

Weekly commentary We recently moved to a strategic overweight on credit after being underweight for the past year. Cheaper valuations compensated for the risk of corporate defaults and downgrades in the wake of the Covid-19 pandemic, in our view. We

Read Full Article
Downgrading U.S. equities to neutral

Downgrading U.S. equities to neutral

🕔09:58, 10.Jul 2020

We downgrade U.S. equities to neutral after a strong run amid surging COVID-19 cases and risks of fading fiscal stimulus. We are tracking the interplay of containment measures and mobility changes on activity as economies have started to reopen. Markets

Read Full Article
Dividends in danger?

Dividends in danger?

🕔15:05, 3.Jul 2020

The world was quickly thrust into a health crisis and economic tailspin that neither individuals nor businesses saw coming. The stress has prompted talk of companies having to reduce or eliminate their dividend payments to preserve operating capital. Tony DeSpirito

Read Full Article
Our midyear outlook

Our midyear outlook

🕔13:14, 1.Jul 2020

The virus shock is accelerating key structural trends. We update our three investment themes and investment views against this backdrop. We are tracking the interplay of containment measures and mobility changes on activity as economies have started to reopen.  Markets

Read Full Article
The future is running at us

The future is running at us

🕔09:50, 30.Jun 2020

2020 midyear outlook The future is running at us. The coronavirus shock is accelerating structural trends in inequality, globalization, macro policy and sustainability. This is fundamentally reshaping the investment landscape …

Read Full Article
Warming up to Europe

Warming up to Europe

🕔11:34, 24.Jun 2020

BII Global weekly commentary We are warming up to European assets as the region steps up its policy response and demonstrates relative success in tamping virus growth. We are tracking the interplay of containment measures and mobility changes on activity

Read Full Article
Private markets as diversifiers

Private markets as diversifiers

🕔15:18, 19.Jun 2020

We see diversification with – and within – private markets as crucial to building resilient portfolios in a low-rate, post Covid-19 world. The key to the policy response has shifted to ensuring successful execution and avoiding policy fatigue before the

Read Full Article
Policy revolution: What’s next?

Policy revolution: What’s next?

🕔14:54, 10.Jun 2020

Macroeconomic policy has undergone a necessary revolution in just three months, but this is a slippery slope without proper guardrails. The key to the policy response has shifted to ensuring successful execution and avoiding policy fatigue before the shock passes.

Read Full Article
Investment Directions

Investment Directions

🕔13:58, 5.Jun 2020

The great poet Ralph Waldo Emerson famously wrote, “Do what we can, summer will have its flies.” As we head into the summer months, this mood may best describe nervous investors who recently experienced large bouts of market volatility due

Read Full Article
Dealing with the next downturn

Dealing with the next downturn

🕔09:16, 5.Jun 2020

From unconventional monetary policy to unprecedented policy coordination Unprecedented policies will be needed to respond to the next economic downturn. Monetary policy is almost exhausted as global interest rates plunge towards zero or below. Fiscal policy on its own will

Read Full Article
Systematic Fixed Income Outlook Q2 2020

Systematic Fixed Income Outlook Q2 2020

🕔11:06, 4.Jun 2020

Investing without a parachute In the wake of the coronavirus crisis, the U.S. bond market finds itself flirting with negative interest rates and bumping up against the “zero lower bound”—calling into question the ability of bonds to provide ballast in

Read Full Article
China emerges from virus lockdowns

China emerges from virus lockdowns

🕔14:58, 3.Jun 2020

China’s economy is restarting after emerging from lockdown, likely benefiting countries and assets exposed to its growth. The key to the policy response has shifted to ensuring successful execution and avoiding policy fatigue before the shock passes. Markets will watch

Read Full Article
Virus compels a strategic view revamp

Virus compels a strategic view revamp

🕔16:56, 28.May 2020

BII Global weekly commentary The virus shock is accelerating and changing structural trends, leading us to shift our long-term return expectations and strategic views. The key to the policy response has shifted to ensuring successful execution and avoiding policy fatigue

Read Full Article
Current opportunities in the TIPS market

Current opportunities in the TIPS market

🕔15:22, 27.May 2020

Treasury Market Dislocations This past month market volatility and risk premiums rose to levels not seen since the global financial crisis of 2008- 2009. Sparked by a global collapse in activity in response to the Coronavirus pandemic, the increase in

Read Full Article
Upholding our equity views

Upholding our equity views

🕔08:13, 20.May 2020

Weekly commentary Global stocks have recovered more than half of the selloff triggered by the coronavirus pandemic since late March – alongside a sharp contraction in economic activity and corporate earnings. We see the unprecedented policy …

Read Full Article
Europe bond outlook under review

Europe bond outlook under review

🕔10:09, 13.May 2020

Weekly commentary  A decision by the German constitutional court last week could potentially undermine the independence of the European Central Bank (ECB) – and threaten to fuel fragmentation within the euro area in the long run. This comes as the

Read Full Article
Global Outlook – April update

Global Outlook – April update

🕔14:29, 8.May 2020

2020 investment themes update Activity standstill – The coronavirus shock is sharper than what we saw in 2008 – but we believe its cumulative hit to growth is likely to be lower. The main risk to our view: policy needed

Read Full Article
How the pandemic changes our long-term asset views

How the pandemic changes our long-term asset views

🕔16:40, 5.May 2020

The coronavirus shock has triggered market turbulence over the last three months – and prompted historic policy actions globally. Does this represent a need and opportunity for long-term investors to adjust their strategic allocations – or the broad mix of

Read Full Article
Strategic asset views amid virus shock

Strategic asset views amid virus shock

🕔15:49, 5.May 2020

Weekly commentary  The coronavirus shock has triggered market turbulence over the last three months. Does this represent a need and opportunity for long-term investors to adjust their strategic allocations? We think so – based on price dislocations alone and when

Read Full Article
Variation in government responses to COVID-19

Variation in government responses to COVID-19

🕔12:40, 1.May 2020

Abstract: COVID-19 has prompted a wide range of responses from governments around the world. There is a pressing need for up-to-date policy information as these responses proliferate, and governments weigh decisions about the stringency of their policies against other concerns.

Read Full Article

SEARCH