BlackRock Modestly Underweight US, European Equities: Li

The video discusses the global energy crisis, particularly in Europe, and its impact on the economy as winter approaches. It highlights the potential for a recession and the market's response, focusing on equities and credit. The speaker suggests a preference for credit over equities due to better pricing of growth slowdown. Investment strategies are discussed, with a focus on emerging markets and a cautious approach to European and US equities.

What is the primary concern for Europe as winter approaches?

• Energy rationing

• Increasing tourism

• Rising employment

• Decreasing inflation

Which market is not appropriately pricing in the growth slowdown?

• Credit market

• Equities market

• Real estate market

• Commodities market

Why is there a preference for credit over equities in portfolio construction?

• Better pricing of growth slowdown in credit

• Higher volatility in credit

• Lower returns in credit

• More liquidity in equities

What is the current allocation stance towards European and US equities?

• Significantly overweight

• Overweight

• Neutral

• Modestly underweight

In emerging markets, which is preferred over equities?

• Technology stocks

• Real estate

• Commodities

• Debt