Mega-cap tech dominance in the S&P 500 is obscuring investor bets that the US may already be in a recession
But for the S&P 500, a"deeper look reveals stocks reflect worsening growth," Jean Boivin, head of BlackRock Investment Institute, said in a note published this week.
BlackRock's reference to growth stems from its view that the effect of rate hikes by global central banks to tame inflation is starting to kick in. Recent data from Germany, Europe's largest economy, indicates that the country has entered a recession despite experiencing an energy shock that was less severe than widely anticipated.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Blackrock CEO issues dire warning over ‘debt ceiling drama’ — Bullish for Bitcoin?Laurence Fink, the CEO of the world’s largest asset manager BlackRock said that the current debt ceiling drama is eroding trust in the US dollar. Analysts believe this could provide small tailwinds for Bitcoin.
Baca lebih lajut »
Stocks making the biggest moves after hours: Ambarella, Box, HP and moreEarnings reports for tech companies were driving stock prices on Tuesday evening.
Baca lebih lajut »
Portugal has blocked Chinese tech giant Huawei from 5G networkPortugal joins the ranks of Western nations as it effectively blocks Chinese tech giant Huawei from its 5G network.
Baca lebih lajut »
Blockchain-Based Render Network's Token Tracks Tech Stocks as Broader Crypto Market Decouples$RNDR has gained over 6% this month amid the artificial intelligence narrative that has recently powered technology stocks higher. Reports godbole17.
Baca lebih lajut »
AI Threat Is on Par With Pandemics, Nuclear War, Tech Executives WarnTech executives and artificial-intelligence scientists are sounding the alarm about AI, saying in a joint statement Tuesday that the technology poses an extinction risk as great as pandemics and nuclear war
Baca lebih lajut »
How Owl Ventures' Ian Chiu became a top education-tech investorVC Ian Chiu's passion for education began when he shared his secrets to getting scholarships in a book. Now he helps edtech startups make a difference as a top investor at Owl Ventures.
Baca lebih lajut »