Thread: BlackRock sees economy worsening but stocks doing well

BlackRock sees economic outlook worsening for the second half, but stocks doing well anyway

BlackRock lowered its global growth outlook, based on expectations that trade and geopolitical frictions will continue.

The firm said central banks are responding to the weaker outlook, and are loosening policy, creating a constructive environment for U.S. and European stocks.

BlackRock upgraded emerging market debt but no longer favors emerging market equities, lowering them to neutral from overweight as the outlook for global growth dimmed.

https://www.cnbc.com/2019/07/05/blac...d-do-well.html