Need to Know
Citigroup and BlackRock shift back to overweight postures on U.S. equities
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While the human and economic costs continue to mount from now-45-day-old Iran war, the U.S. stock market has moved on.
Rising in eight of the last nine trading sessions, the S&P 500 SPX is sitting just 1.32% away from its Jan. 27 record close, hovering early this week near levels seen before the conflict began. While retail and institutional investors alike have stepped back from U.S. stocks as the conflict simmered, our call of the day flags big Wall Street U-turns from Citigroup and BlackRock.