BlackRock Cuts US Stock Exposure, Says Rate Hike Expectations Are 'Overdone'
BlackRock is taking profits on U.S. stocks and favoring Treasuries, arguing markets have priced in too many Fed hikes.
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Why It Matters
BlackRock is selling some U.S. stocks and buying safer bonds instead. They think people are too worried about interest rate increases.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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