BlackRock is the world’s largest asset manager, have turned bullish on quality large cap technology companies as well as small cap firms that tend to perform well during a cyclical upswing.
Reuters carry the report:
- BlackRock said it prefers the United States – has a higher share of “quality” companies with strong balance sheets and free cash flow generation in the high-flying tech and healthcare sectors
- resurgence in virus cases in Europe and the United States could led to further outperformance of large cap tech and healthcare companies
- BlackRock turned bearish on Europe.
Monthly SPX back to 2006 or so. Ok then.