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👀 $13.9T BLACKROCK TURNS #BEARISH ON EUROPE STOCKS
The world’s largest asset manager says it’s no longer #bullish on European stocks, per FT. They argue energy prices are squeezing consumers, stock prices aren't cheap anymore, and the valuation gap with US stocks has closed. Its CIO said Europe is just a lot more exposed, so they are being more selective about where they see opportunities. #crypto