BlackRock's Koesterich Says Stocks, Oil Have Further to Fall

  • U.S. stocks aren't cheap enough to buy, strategist says
  • A fundamental catalyst is needed to signal a bottom, he says

What's Behind the Global Selloff in Equities?

Russ Koesterich, global chief investment strategist at BlackRock Inc., said there needs to be a fundamental catalyst to signal a market bottom, whether it comes from corporate earnings, economic data or an improvement in China. 

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