FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018
The asset manager said it prefers the United States as it “boasts” a higher share of “quality” companies with strong balance sheets and free cash flow generation in the high-flying tech and healthcare sectors. “We prefer avoiding more structurally challenged cyclical exposures. We have downgraded European equities to underweight,” Mike Pyle, global chief investment strategist at the BlackRock Investment Institute, said in a note to clients.
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Let’s sling you back to the evilgiant(Mollach/devilHarris!
Bullish on tech.. they are about 5 years late
Did you that on behalf of the FED?