Commentary

Strategic Reasons To Get Active

We think market optimism can persist for now but stay nimble. We get more active in our long-term portfolios given a greater dispersion of returns.

Commentary

Inflation: Subject To Change

The deceleration of the core PCE (Personal Consumption Expenditures) inflation rate in the second half of 2023 catalyzed a pivot in monetary policy messaging and shifted market pricing for the path of policy rates in 2024.

Commentary

The Opportunity in Japanese Stocks

Japanese stocks were standout performers in 2023 after years of stagnation and deflation left Japan an unloved investment destination. Can the positive momentum continue in 2024? BlackRock’s Belinda Boa believes it can and sees the makings of a rags-to-riches story with staying power ― and abundant investment potential.

Commentary

Muni Investors Rewarded by Patience To Start 2024

Municipal bonds posted negative total returns as the market reassessed macro expectations. Seasonal supply-and-demand dynamics were supportive, albeit less so than in prior years.

Commentary

Barbell Equity Exposure in ‘24

In this article, Russ Koesterich discusses why a different approach to portfolio construction within equities is warranted in 2024.

Commentary

Multi-Asset Income

Improve your income potential with a tactical, unconstrained strategy that sources opportunities across geographies and asset classes. BlackRock Multi-Asset Income Fund takes a risk-first approach while seeking to deliver a consistently attractive yield.

Commentary

Active Management Will Drive Muni Returns in 2024

After initial optimism at the start of 2023 spurred strong performance, munis subsequently struggled as the Fed continued its tightening policy, raising fed fund rates to 5.25%−5.50%, before pausing in September.

Commentary

Four Stock Investing Insights for 2024

What’s in store for stocks after they climbed a wall of worry to exceed expectations in 2023? Fundamental Equities Global CIO Tony DeSpirito sees a rich hunting ground for stock pickers and offers four insights for 2024 ― from sector likes to international opportunities.

Commentary

A Systematic Framework to Factor Tilting

Factors are long run drivers of portfolio risk and returns. Having strategic allocations to factors may increase a portfolio’s expected return.

Commentary

Three Market Surprises of 2023 & What We’re Watching Entering 2024

Markets in 2023 kept investors on the edge of their seats. Groundbreaking technological advancements, mega-popstars being blamed for summertime inflation, and a December Fed pivot were just a few of the plot twists.

Commentary

Navigating Macro Currents in 2024

Risk assets surged to end 2023 as the Federal Reserve blessed market hopes for rate cuts. That momentum could persist for some time as inflation cools.

Commentary

Election Year Suggests a More Subdued ‘24

In this article, Russ Koesterich discusses why equity performance in 2024 may be more muted and warrant more focused positioning across segments of the market.

Commentary

To Spend or Not To Spend?

20 years into retirement, most retirees have spent only 20% of their savings. We talked to retired participants to understand why–and what it means for the next generation of retirees.

Commentary

Three 2023 Lessons We Carry Into 2024

We think 2023 stressed the value of adapting to a new volatile macro regime and leveraging investment insight and structural forces to find opportunities.

Commentary

Meet the New Bond, Same as the Old Bond?

Bond markets expect more cuts than the Fed is signaling, and this expectation largely reflects a return to pre-COVID dynamics of low inflation, massive central bank support, and suppressed term premia.