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$13.9T BLACKROCK TURNS BEARISH ON EUROPE STOCKS
The world’s largest asset manager says it’s no longer bullish on European stocks, per FT.
Theya argue energy prices are squeezing consumers, stock prices aren't cheap anymore, and the valuation gap with US stocks has closed.
"Europe is just a lot more exposed . . . so we are having to be a bit more selective about where we see opportunities," its CIO said.
#BLACKROCK..
#Gate13thAnniversaryLive