BlackRock Turns Defensive, Tilts to Safe Havens in Second Half of 2019

The video discusses BlackRock's outlook on global markets, influenced by US protectionism and central banks' dovish policies. It highlights the importance of reducing risks, raising cash, and investing in government bonds to offset potential equity drawdowns. The discussion also covers portfolio structuring with a focus on US equities and European assets, considering lower recession risks and market expectations.

What does the speaker suggest about the expectations of the Fed rate cut cycle?

How should a portfolio be structured considering the dovish stance of central banks?