BlackRock Bullish on Short-Term Bonds, Cuts Stocks — SkimNews
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- BlackRock has turned bullish on short-term bonds and downgraded US stocks, taking profits on equities after six years of the opposite allocation stance.
- The world's No. 1 fund manager, per MarketWatch, changed its mind on bonds for the first time in six years, rotating into Treasurys and cooling on US equities.
Why it matters: For the first time in six years, the world's No. 1 fund manager is telling clients short-term government bonds are preferable to US stocks — a reversal that matters because BlackRock's published allocation views shape institutional decisions across the industry.
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