Need to Know: Here’s why investors should keep the faith in U.S. stocks: BlackRock

With second-quarter earnings season set to get under way, optimism for equities appears to be in short supply.

A third-straight losing day could be shaping up for Wall Street stocks as investors count down to comments from Fed Chairman Jerome Powell and hang on for dear life to hopes for interest rate cuts.

Morgan Stanley got the week started by telling investors to sell global stocks on the view any Fed cut will be overshadowed by weaker growth. There’s hope for stocks yet in our call of the day from BlackRock, whose midyear outlook says investors should get slightly more defensive against an uncertain global backdrop and raise some cash.

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