BlackRock Investment Institute not fussed by US stocks (recently) at record highs. In brief:still favours buying US equitiesretains tactical overweight positionCiting reasons for seeing equities supported:falling inflationprospect of the Federal Reserve cutting interest ratesstrong corporate earnings should support equitiesexpects risk appetite to broaden out beyond tech as more sectors adopt AIOptimistic they are:"We see stock markets looking through recent sticky U.S. inflation and dwindling expectations of Fed rate cuts." The Fed reiterating its forecast for three rate cuts in 2024 last week "gave markets the thumbs up to stay upbeat." This article was written by Eamonn
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