BlackRock’s 2018 investment themes have been refreshed against a backdrop of steady global growth and strong corporate earnings, but rising macroeconomic uncertainty. The updated market outlook highlights key topics such as the implications of trade tensions.

The market outlook base case sees strong U.S. growth extending positive spillover effects to the rest of the world, sustaining the global economic expansion. However, overall market sentiment has turned cautious in 2018 as macro uncertainty grows. BlackRock remains pro-risk but has tempered that stance given the uneasy equilibrium between rising macro uncertainty and strong earnings.

This material represents an assessment of the market environment as of the date indicated; is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding any security in particular. Investing involves risk, including possible loss of principle.

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