BlackRock’s Boivin Sees US Stocks Outshining European Equities
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US equities will soon regain their long-held edge over European peers as the brighter outlook for the old continent’s stocks is limited to sectors such as defense and banks, according to Jean Boivin, head of the BlackRock Investment Institute.
“This is a pretty narrow European story,” Boivin said in an interview. “There’s no strong conviction yet to play Europe over the US over a six-to-12 month horizon. We need to see more fiscal impetus beyond defense and implementation will be key.”