a reply to:
karl 12
Are you sure Blackrock owns the companies they invest in?
If you check out their website, it says,
"We are a fiduciary to our clients. We're investing for the future on behalf of our clients"
Looks like it is their clients that own the companies they invest in. If you have a 401K plan with your employer, you just might be one of their
clients.
In any case, I came across a Blackrock market forecast for 2023 and I thought I would share...
"A worldwide recession is just around the corner, and BlackRock is expecting it to bring more market turbulence than ever before.
The global economy is leaving a four-decade stretch of stable growth and modest inflation to enter a period of massive upheaval and instability,
BlackRock analysts wrote in the firm's 2023 Global Outlook.
"Recession is foretold as central banks race to try to tame inflation. It's the opposite of past recessions," they said. "Central bankers won't ride
to the rescue when growth slows in this new regime, contrary to what investors have come to expect. Equity valuations don't yet reflect the damage
ahead."
Limited policy support is going to mean investors need to be more dynamic, and stay nimble with their investments.
That requires a "granular view on sectors, regions and sub-asset classes," the analysts said, adding that what worked in the past won't work now, and
"buying the dip" no longer applies to this regime.
What's more, BlackRock said that markets haven't fully priced in the potential magnitude of the impending recession, since earnings have yet to
reflect even a small downturn."
finance.yahoo.com...
They might just be trying to help you out with this forecast... Let's see...
edit on 9-12-2022 by InachMarbank because: (no reason
given)