The worst of the U.S. profits recession appears to be over...
Richard Turnill, BlackRock’s Global Chief Investment Strategist, gives us the week in review. Turnhill was previously Chief Investment Strategist for BlackRock’s fixed income and active equity businesses, and has also led the Global Equity investment team. Read an excerpt of his weekly commentary below, or
view the entire weekly investment commentary here.
Key Points:
- We believe further gains in global equities this year would require a meaningful improvement in earnings.
- The Federal Reserve (Fed) stayed put last week but upgraded its economic view, keeping the door open for a 2016 rate rise.
- U.S. labor and inflation data this week will be key for confirming our view that the Fed will likely raise rates just once this year.
Read the complete commentary here.
Review Blackrock's 2016 Mid-year Global Outlook Investment Report.
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