$7.4 trillion investment giant BlackRock's top strategist says US stocks face a reckoning ahead of a 'tumultuous' presidential election | Markets Insider

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$7.4 trillion investment giant BlackRock's top strategist says US stocks face a reckoning ahead of a 'tumultuous' presidential election

BlackRock said US stocks will be sensitive to the upcoming presidential election in November and as the impact of fiscal and monetary policy stimulus measures disappear.

"The US presidential election set to take place against the most tumultuous domestic backdrop since 1968. The two parties are as far apart on policy as they have ever been, making the result consequential for markets," BlackRock added.

"We cut US equities to neutral after a stretch of outperformance as we see risks of fading fiscal stimulus and election uncertainty." Some of the Fed's recent monetary measures include $2.3 trillion in lending to support households, employers, financial markets and state and local governments, and reducing interest rates to almost zero.in individual companies in the first wave of its corporate bond-buying programme, data released Sunday showed.will take in up to $250 billion in corporate bonds from eligible issuers.

 

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A reckoning? You mean a total disaster. There are zero free market principles in play in US capitalism which is no longer (if it ever was) fit for purpose.

good. would like another opportunity to buy cheaply

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