Hints and tips:
...“If you are no longer expecting the sugar high of tax cuts out of Washington, it becomes more important that companies deliver on the bottom line,” said Russ Koesterich, portfolio manager at BlackRock....
...“The second quarter will be fine,” says Russ Koesterich, portfolio manager at BlackRock. “My concern is what winds up happening in the back half of the year....
...Investors may have become too optimistic about the positive impact of Mr Trump’s fiscal policies, said Russ Koesterich, a portfolio manager at BlackRock....
...“I don’t know that Treasuries are going to be the safe haven asset in the event of a Trump victory,” says Russ Koesterich, head of asset allocation at BlackRock’s global allocation fund....
...With the gains, utilities, for instance, look expensive on both an absolute and relative sense, says Russ Koesterich, head of asset allocation for the BlackRock Global Allocation fund....
...That stands in contrast to a 30-40 per cent premium over the past 20 years, said Russ Koesterich, head of asset allocation for BlackRock’s Global Allocation fund....
...“That thirst for income is a direct function of the rate environment we are in,” said Russ Koesterich, director of asset allocation for the $45bn BlackRock Global Allocation fund....
...“That thirst for income is a direct function of the rate environment we are in,” says Russ Koesterich, director of asset allocation for the $45bn BlackRock Global Allocation fund....
...“Lower growth, lower profitability, and some legitimate questions about geopolitical risks — Europe is valued cheaply compared to the US, but at least some of that discount is justified,” says Russ Koesterich...
...Russ Koesterich, chief investment strategist at BlackRock, said: “We have a world where global growth is expected to have come down, financial market conditions have tightened and energy prices have fallen...
...shift in the fundamentals and investors are discounting a greater probability of a global recession and that has led to volatility in markets, pressure on credit and contributed to the drop in oil,” says Russ...
...“These sectors are expensive and the valuation is rate sensitive,” says Russ Koesterich, global chief investment strategist at BlackRock....
...Russ Koesterich, global chief investment strategist at BlackRock, said: “We are still in a slow growth environment and this [tech] is a part of the economy that is seeing a secular wave.”...
...Utilities, for example, trade at a trailing price to earnings ratio in line with the market compared with a more typical discount of about 20 per cent, said Russ Koesterich, global chief investment strategist...
...“Basic financial theory says that as you lower the discount rate, people are willing to pay more for a dollar of earnings,” says Russ Koesterich, global chief investment strategist at BlackRock....
...“You had a sort of typical pattern over the past five years where companies have done a good job of managing expectations,” said Russ Koesterich, BlackRock’s global chief investment strategist....
...Fears of a new Greek crisis are resurfacing and US economic data has disappointed of late, but corporate earnings are likely to be a key driving force for US equities this year, said Russ Koesterich, global...
...Russ Koesterich, chief investment strategist at BlackRock, says Alibaba’s success is “evidentiary” of a willingness to take risk rather than a cause....
...Russ Koesterich, chief investment strategist at BlackRock, says relying on momentum as an investing strategy only works when volatility remains contained....
...Russ Koesterich, chief investment strategist at BlackRock, says stocks can rise, but that gains are likely to be muted and he worries about US valuations and low volatility....
...“The IPO market should have a decent second half, assuming the overall market holds up,” says Russ Koesterich, BlackRock’s global chief investment strategist....
...Reporting by Michael Mackenzie, Ralph Atkins, Nicole Bullock, Gregory Meyer, Delphine Strauss and Ben McLannahan...
...Craig Russ, a portfolio manager at Eaton Vance says that “covenant-lite does seem to be growing in market acceptance”. “I would rather not have them,” he says....
International Edition