BlackRock’s Russ Koesterich Talks June Rate Cut Prediction

BlackRock Global Allocation Fund Portfolio Manager Russ Koesterich predicts a rate cut in June despite a stronger CPI report. He advises staying long on equities. The podcast discusses recent market sell-offs, inflation impact on investments, and opportunities in certain parts of the market. They highlight the resilience of the US economy and their preference for companies in the US tech, healthcare, and consumer discretionary sectors.