(MT Newswires) -- Wei Li, Global Head of Investment Strategy at BlackRock (BLK), believes that 2024 will see rate cuts, providing a better risk environment for asset allocation. She also explains how she plays the fixed-income market in the run-up to 2024. She advises moving away from cash, which tends to underperform equities and bonds after a period of rising rates, and says she prefers European credit to US credit at present.
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5-day change | 1st Jan Change | ||
772 USD | +1.33% | -1.26% | -4.90% |
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Stocks mentioned in the article
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Change
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5d. change
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Capi.
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772 USD | +1.33% | -1.26% | 115B | ||
4.92 CNY | +1.03% | -1.99% | 3.14B | ||
EPS Revisions
1st Jan change | Capi. | |
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-4.90% | 115B | |
+23.96% | 66.1B | |
+11.67% | 67.41B | |
+14.52% | 44.58B | |
+14.85% | 43.37B | |
+18.26% | 35.13B | |
+9.42% | 26.31B | |
-2.41% | 22.77B | |
+4.28% | 19.23B | |
-0.13% | 17.24B |
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- Wei Li, BlackRock: Focus on European rather than US credit