Overview
- Citigroup raised U.S. equities to Overweight from Neutral, joining BlackRock’s new overweight stance on the asset class.
- BlackRock said it moved back into risk assets after signs of efforts to reopen the Strait of Hormuz and evidence the conflict’s economic hit would be limited.
- Citi said about half of expected global earnings growth in 2026 will come from technology, with reports pointing to a 45% jump in sector profits this year.
- The S&P 500 has climbed roughly 9% from a seven-month low as fears of an oil-driven inflation shock eased.
- Citi cut emerging markets to Neutral but lifted its year-end MSCI EM target to 1,770, citing vulnerability to energy shortages and pressure from a stronger dollar.