BlackRock, Credit Suisse and some other big banks reckon it is time to get back ...
- BlackRock, Credit Suisse and some other big banks reckon it is time to get back into equities after markets rallied this week following massive government and central bank stimulus packages to fight fallout from the coronavirus crisis.
World stocks .MIWD00000PUS have risen nearly 8% so far this week and were on track for their best weekly gain since December 2011. They have recouped more than $5 trillion in the past two days. Within the equity space, BlackRock said it preferred U.S. markets due to the strength of Washington’s policy response and the quality of the market.
There also remains little clarity on companies’ earnings in the wake of coronavirus-led slowdowns in business activity, analysts at Yardeni Research said in a note.
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