- Asset management giant BlackRock has raised its outlook for U.S. stocks, reasoning that contained impacts from the Iran war and strong corporate earnings will create a favorable backdrop.
- With earnings season just getting underway, S&P 500 companies are expected to post a collective 12.6% profit increase in the first quarter.
Asset management giant BlackRock raised its outlook for U.S. stocks, reasoning that contained impacts from the Iran war and strong corporate earnings will create a favorable backdrop for domestic equities.
The firm, which manages $14 trillion for clients, said in its weekly market note that it raised the rating a notch to overweight from neutral.
BlackRock raises view on U.S. stocks on belief that war is over, profits are up!
byu/Guy_PCS instocks
Posted by Guy_PCS
7 Comments
What’re they supposed to say? They want us to buy so they can sell in a hurry just before the crash
I will get downvoted but today we crossed into YTD positive for the SP500, there is also over 7 trillion sitting in MMFs, a record. We are also going into the historically better months of growth for the year after tax season. Profits especially on tech will be great.
I am fairly optimistic on the SP500 posting over 10% growth EOY.
Someone is feeling a little too exposed to the US market eh?
Somehow I think there’s a vix 30 day or two in the next month.
Hence why today is a perfect day to sell some of my many saas winners, buy food which is crashing today, gis flo nomd … And lie in wait for vix 30
I’ve done this like 4 times this year, Greenland was the most profitable. Food will rise 2 percent while literally everything else will sell off 5 percent plus when vix hits 30.
Here come all the redditors to tell us this is wrong and all stock increases are simply a direct result of Trump manipulating the market.
War is no way near over. We’re entering WW3
Gas prices on US states are around $5 per gallon. It has doubled and still going up. It may double again next month. In fact, the price of everything is going up due to the energy costs. No thanks, I am selling my stocks and using the cash to pay for my living expenses. Thank you Trump!