BlackRock warns investors should buy defensive stocks and bonds as tech-led rally at risk of fizzling - MarketWatch

The notion that the Federal Reserve will soon "pivot" toward slower interest rate hikes is misguided, according to one of BlackRock's equity analysts.

Following Julys spectacular rally, U.S. stocks SPX, -0.42% have been caught in a tight trading range over the past two weeks as investors struggle to make sense of some of the most confounding … [+2657 chars]

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