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The Business Insider: The Money Game BlackRock says European stocks will beat their US peers going forward due to superior virus response
  • BlackRock upgraded European equities to "overweight" from "underweight" in its mid-year outlook, citing the region's strong policy and public health response to the coronavirus pandemic.
  • The firm also downgraded US stocks to "neutral" from "overweight," as surging coronavirus case counts and fading stimulus measures pose a risk to the market's bull run.
  • Even as European stocks are poised to rally through 2020, credit remains the asset of choice, BlackRock said. The firm maintained "overweight" ratings on both investment-grade and high-yield global corporate debt.
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