BlackRock cools on US stocks and buys Treasuries
The BlackRock Investment Institute downgraded US equities to neutral due to artificial intelligence volatility. The asset manager also upgraded short-dated Treasuries, citing overdone rate hike expectations.
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BLACKROCK INC downgraded United States equities to neutral on Monday morning, shifting capital toward short-dated Treasuries. The pivot by the world's largest asset manager reflects growing anxiety over artificial intelligence capital expenditures. Investors are reassessing portfolio risk as market volatility tied to the tech buildout accelerates.
