This move unwinds a Treasury underweight position that was a mainstay for most of the past six years as bond yields hit their highest levels in more than 20 years. BlackRock stated the equity downgrade is a matter of short-term risk management and noted that it remains bullish on AI and its core long-term convictions.
Tuesday, October 20, 2026
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BlackRock Cuts US Stocks to Neutral and Ends 6 Year Bond Underweight
US Markets8 days ago
The asset management firm's outlook on US equities has shifted away from a strong positive bias according to a note from CIO Rick Rieder and the BlackRock Investment Institute. The firm downgraded US stocks from overweight to neutral, while upgrading short-term Treasuries to overweight and long-term Treasuries to neutral from underweight.
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