- A majority of BlackRock investors in a recent survey felt that inflation would be transitory. Yet, they also felt the market might overreact to the inflation data, making some portfolio protection prudent.
- Economically sensitive cyclical stocks have had a very strong run since the announcement of effective vaccines in November. We don’t think their full potential is exhausted, but selectivity is more important now.
- We expect the economy to remain in a boom state as reopenings continue. While some cyclicals still have room to run, we see an opportunity to also turn attention to quality stocks as the cycle’s next beneficiaries.
For further details see:
3 Qs For Q3: Insights For Inquiring Equity Investors