BlackRock Pivots Back to US Stocks With Strategists Seeing Iran War ‘Contained’

BlackRock strategists have returned to an overweight view on US stocks as they see the damage to global economic growth from the Middle East conflict “likely contained.”

The firm had been watching “two signposts to dial up risk-taking” after shifting to neutral as the Middle East conflict led to reducing risk a few weeks ago, strategists led by Jean Boivin, the head of the BlackRock Investment Institute, wrote in a Monday note.