Posted 1/29/2024, 8:00:00 PM
BlackRock Forecasts Broader Stock Rally as Inflation Cools and Fed Cuts Rates, But Sees Uncertainties Ahead
- BlackRock upgrades U.S. stocks to overweight, sees AI-fueled rally broadening as inflation falls & Fed cuts rates
- S&P 500 hits record highs amid cooling inflation and potential Fed interest rate cuts
- Rally so far focused on tech, but should expand beyond tech over next 6-12 months
- Strategists acknowledge uncertainties - consensus soft landing view could be challenged
- Wage growth may cause inflation resurgence in long run, likely to rollercoaster back up in 2025