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BlackRock wary on US stockmarkets

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The research note says better opportunities in developed markets are seen outside the U.S.

  • prefer stock in Europe and Japan
  • these are better positioned to capture the economic restart over the tactical horizon, as the powerful restart broadens out
  • potentially higher taxes (point to the potential for a 28% corp tax, 21% global minimum tax although the firm do not expect these high levels to be hit) and more regulations could pose challenges to the strong performance of U.S. stocks.
  • still favour US small and medium-cap companies, won’t be hit as as hard by a rise in tax as will large multi-nationals

Despite all the research and recommendations … check this … on a six to 12-month horizon BlackRock strategists are 

  • overweight U.S. and U.K. equities
  • neutral euro-area
  • and underweight Japan

Do as they say not as they do? Go figure. 

The BlackRock Investment Institute is basically a research area of the firm. 

The research note says better opportunities in developed markets are seen outside the U.S.



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