BlackRock raised its US equity rating to overweight from neutral, citing limited Iran war impact and strong earnings outlook.
The firm expects S&P 500 Q1 profits to rise 12.6% (potentially 19% with historical beat rates) per FactSet.
Technology sector profits are projected to grow 45% this year, with its valuation now lowest versus other sectors since mid‑2020.
BlackRock highlighted reopening of Strait of Hormuz flows and contained macro impact as signposts to re‑increase risk in US and emerging markets.