BlackRock sees a slowdown in the overall U.S. economy and not a recession

Economic Outlook: BlackRock indicates a slowdown in the economy rather than a recession, supported by stronger-than-expected corporate earnings in the tech sector, with Q2 earnings growth for tech at 20% compared to 5% for non-tech sectors.

Investment Strategy: The firm remains optimistic and recommends focusing on high-conviction themes such as U.S. and Japanese stocks, as well as artificial intelligence, while acknowledging potential market volatility during summer trading.