BLACKROCK JUST CUT US STOCKS TO NEUTRAL AND TURNED BULLISH ON TREASURIES
The shift comes from a note by the BlackRock Investment Institute and CIO Rick Rieder.
- Short-term Treasuries: up to overweight
- Long-term Treasuries: up to neutral from underweight
- US stocks: down to neutral from a long-held overweight
BlackRock says it is still bullish on AI and calls the stock cut short-term risk management: "We are managing near-term risk, not changing our core convictions."