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BlackRock and Wall Street Retreat as Moody’s Warns of Looming Recession
BlackRock and Wall Street Retreat as Moody’s Warns of Looming Recession
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BTCCSquare news:
BlackRock, alongside investment giants Vanguard, Fidelity, and State Street, is scaling back exposure to U.S. markets amid mounting recession risks. Moody's Analytics chief economist Mark Zandi warns of faltering growth driven by tariffs, immigration restrictions, and Federal Reserve policy. "Unusually high uncertainty" has stalled corporate investment and hiring, with some sectors already in contraction.
The asset management behemoth, overseeing $12.5 trillion—equivalent to 40% of U.S. GDP—has begun liquidating positions. Historical trends compound the bearish sentiment: September typically delivers the worst monthly performance for equities. Market participants now brace for what could become the graveyard shift of this economic cycle.
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