BlackRock’s best minds seem worried. Investment strategists at the world’s largest asset manager have warned of a coming recession, stubborn inflation and a new era that won’t be so kind to investors in their Global outlook 2023 released this week. “The Great Moderation, the period of four decades of largely stable activity and inflation, is …
Wall Street is on a five-day losing streak. The decline, as measured by the S&P 500 SPX, -0.19%, 3.6% isn’t so great, but it seems hopelessly inevitable once the benchmark fails to hold above its 200-day moving average. The relapse of every rally in 2022 is recognition that equities’ relationship with central banks has changed. …
Texas lawmakers have scheduled a hearing next week with asset management firms on alleged ideologically motivated mismanagement of taxpayers’ money. Four months ago, the Texas Senate State Affairs Committee requested documents from BlackRock, Vanguard, State Street and Institutional Shareholder Services regarding corporate promotion of the environmental, social and governance movement, also known as name of …
