BlackRock's Koesterich Sees Energy Stocks as Best Portfolio Diversifier
BlackRock's Russ Koesterich argues that energy stocks are emerging as a more effective portfolio diversifier than bonds, which have failed to serve as a traditional hedge as 30-year US Treasury yields reached their highest levels since 2007. He believes rising long-dated bond yields are driven by specific economic factors and maintains that even $100 oil prices are unlikely to derail US economic growth.
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BlackRock’s Koesterich Sees Energy Stocks as Best Portfolio Diversifier
BlackRock's Russ Koesterich argues that traditional bonds are failing as a portfolio hedge, with 30-year US Treasury yields reaching their highest levels since 2007. He recommends energy stocks as a superior diversification tool and maintains confidence in US economic growth despite elevated oil prices near $100 per barrel.
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