BlackRock ends six-year Treasury underweight, cuts US equities to neutral

CoinDesk+2 · 4 hours ago
BlackRock ends six-year Treasury underweight, cuts US equities to neutral
  • BlackRock Investment Institute upgraded US Treasuries and cut US equities to neutral, ending a six-year underweight stance on government debt.
  • Larry Fink, BlackRock CEO, said a moratorium on US data center buildouts would put the US into recession, given how much of the economy rests on AI capex.
  • Fink said US national debt rose from $8 trillion in 2000 to $40 trillion in 2026 and warned that rising government borrowing is squeezing private credit demand.
  • Funds managed by BlackRock co-led Icon's $200 million Series D, which brings total funding to $700 million at a $1.4 billion valuation.