BlackRock Boosts US Stocks, Expects 6-12 Month Momentum

BlackRock Upgrades Outlook for U.S. Stocks on Easing Inflation

BlackRock, the world’s largest asset manager, has revised its outlook for U.S. stocks, upgrading them to overweight in light of easing inflation. With more than $9 trillion in assets under management, BlackRock believes that the initial stock rally driven by excitement over artificial intelligence (AI) has the potential to broaden out. The firm also cited solid economic growth and cooling price pressures as factors supporting the market’s positive macro outlook.