Latest news with #WeiLi
Bloomberg
a day ago
- Business
- Bloomberg
Single Best Idea: Li & Wong
Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature conversations with Wei Li & Anna Wong. Watch Tom and Paul LIVE every day on YouTube:
Business Times
08-07-2025
- Business
- Business Times
BlackRock prefers European government bonds over US Treasuries
[NEW YORK] BlackRock Investment Institute shifted its view on European government bonds to neutral from slightly underweight, citing the attractiveness of their yields versus Treasuries. 'We prefer euro area government bonds and credit over the US,' strategists including Jean Boivin and Wei Li wrote in a weekly note. 'Yields are attractive, and term premium has risen closer to our expectations relative to US Treasuries.' The strategists see sticky inflation keeping the Federal Reserve from cutting rates far. They also said high fiscal deficits may prompt investors to seek more compensation to hold long-term Treasuries. Treasuries sold off over the past week after posting their best monthly performance since February last month as traders priced in the prospect of Fed rate cuts. Some of those bets have been rolled back after the US reported strong employment data for June. Within the eurozone, BlackRock prefers peripheral bonds such as those from Italy and Spain. BLOOMBERG
Bloomberg
08-07-2025
- Business
- Bloomberg
BlackRock Prefers European Government Bonds Over US Treasuries
BlackRock Investment Institute shifted its view on European government bonds to neutral from slightly underweight, citing the attractiveness of their yields versus Treasuries. 'We prefer euro area government bonds and credit over the US,' strategists including Jean Boivin and Wei Li wrote in a weekly note. 'Yields are attractive, and term premium has risen closer to our expectations relative to US Treasuries.'
Yahoo
03-07-2025
- Business
- Yahoo
The death of American equities? Not so fast.
The death-of-American-exceptionalism crowd has never been louder, but there's little evidence in the stock market. The S&P 500 has caught up to global indexes in recent months, and the 'great rotation' out of the US and into foreign assets is starting to look overcooked. 'It feels like narratives really got carried away,' BlackRock global chief investment strategist Wei Li tells Semafor. 'There is something really exceptional about US corporates,' Li said, noting that S&P 500 companies overdelivered this earnings season. HSBC experts similarly noted that a previous surge of investments out of the US and into Europe seems to be slowing. 'We think the 'sell America' story goes too far,' Morgan Stanley's Chief Investment Officer Mike Wilson said. — Rohan Goswami
Yahoo
02-07-2025
- Business
- Yahoo
In ‘Risk-On' Markets, BlackRock Favors US Stocks Over Europe
(Bloomberg) — Don't write off the notion of 'America Exceptionalism' just yet, as the US stock market is the best place to be with equities roaring higher, according to the BlackRock Investment Institute. Struggling Downtowns Are Looking to Lure New Crowds NYC Commutes Resume After Midtown Bus Terminal Crash Chaos What Gothenburg Got Out of Congestion Pricing California Exempts Building Projects From Environmental Law Massachusetts to Follow NYC in Making Landlords Pay Broker Fees US stocks' underperformance this year relative to their European peers is unlikely to last because American companies will deliver stronger earnings thanks to the adoption of and investment in artificial intelligence, Wei Li, global chief investment strategist at the unit of the world's biggest asset manager, said Wednesday at a briefing. 'The big picture is that we're still risk-on, even though there is still a huge amount of uncertainty,' Li said at the briefing on the firm's investment outlook for the second half of 2025. BlackRock's view stands in contrast with some investors who have called for diversifying away from the US after President Donald Trump's trade and fiscal policies roiled financial markets earlier this year, shaking confidence in the world's largest economy. The S&P 500 Index has returned more than 5% this year, trailing the almost 7% gain in the Stoxx Europe 600 Index, which has benefited from expectations for more fiscal stimulus in the region. In dollar terms, the European gauge has returned about 22% this year. It's a reversal of the market dynamic of the past few years, when the US benchmark trounced its developed-market peers, in large part due to the soaring shares of American technology behemoths. BlackRock expects US corporate earnings to grow 6% in the second quarter from a year earlier, compared with about 2% in Europe. In the first quarter, US firms delivered a growth rate of 14%, handily beating the 2% pace in Europe, according to the team. The next US earnings cycle is about to ramp up this month. 'The underlying strength, dynamism, and the innovative potential of the US corporate sector of the US equity market writ large remains unsurpassed,' said Michael Pyle, deputy head of BlackRock's portfolio management group. Separately, Li said Treasuries are less attractive than US stocks because Trump's trade war may boost inflation, which means investors are pricing in too many Federal Reserve interest-rate cuts. Also, the tax bill that Congress is debating is likely to add to the already elevated US debt burden, putting more pressure on long-term bonds, according to Li. That makes US bonds less reliable as a hedge in a portfolio, she said. Instead, US investors should consider European debt on a currency-hedged basis, an approach that offers higher yields than in their home market, Li said. SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too America's Top Consumer-Sentiment Economist Is Worried How to Steal a House China's Homegrown Jewelry Superstar Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate ©2025 Bloomberg L.P. Sign in to access your portfolio
