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- Despite escalating the violence in Iraq, a dovish Federal Reserve and increased merger-and-acquisition activity are helping to support the equities market, writes BlackRock’s Chief Strategist Russ Koesterich for Barron’s.
- “We continue to believe that, while bargains are few and far between, opportunities can still be found,” Koesterich said.
- Specifically, the strategists points to overseas markets as they look cheaper compared to U.S. markets where company stocks seem fully priced.
- “Outside of the United States, however, stocks look more attractive. Japanese equity valuations, for instance, are currently among the lowest in the developed world despite Japanese stocks’ recent advance,” Koesterich added. “At the same time, recent market-friendly actions by the European Central Bank could support European stocks over the next few months.”
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Max Chen contributed to this article.