English Title:
Why BlackRock is suddenly more bearish on stocks

中文标题：
为什么布莱克洛克突然更喜欢股票

English Content:
When BlackRock (BLK) gets more bearish on stocks, it's a red flag to toss onto the investing field. The world's largest asset manager on Tuesday upgraded its views on US Treasurys, preferring short-term bonds as higher yields improve potential. The research was conducted by BlackRock's Jean Boivin, Rick Rieder, and Wei Li. In turn, the team downgraded its views on US stocks to Neutral. "Higher yields and potentially excessive Fed tightening expectations create room to unwind our U.S. Treasury underweight — a mainstay for most of the last six years," BlackRock's team said. "We upgrade Treasuries, favoring short-term bonds. In turn, we take profits: downgrading U.S. equities to neutral to manage potential volatility around the AI buildout." They remain optimistic on AI stocks, however, despite the fresh concerns. "We retain our conviction in AI fundamentals and preference for AI within U.S. equities," the strategists added. BlackRock's downgrade in stocks comes at a precarious time for the market's non-AI areas. Sell-offs have gained steam amid the push higher in US Treasury yields, which has raised the cost of capital for companies that may not be growing as fast as AI companies. About 84% of S&P 500 (^GSPC) stocks are now trading at least 10% below their all-time highs, according to new analysis from the Kobeissi Letter. What's more, 59% of S&P 500 stocks are down at least 20% from their highs, 41% are down more than 30%, and 17% are off by more than 50%. "I would say [it's] not a crisis but an eye-opener, and it's something I think you've got to think about," Rieder said about the move in yields on Sozzi Unleashed in late September. Brian Sozzi is Yahoo Finance's Executive Editor, host of the Sozzi Unleashed morning show and the Power Players with Brian Sozzi podcast, and a member of Yahoo Finance's editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email brian.sozzi@yahoofinance.com. Click here for in-depth analysis of the latest stock market news and events moving stock prices Read the latest financial and business news from Yahoo Finance

中文正文：
当BlackRock(BLK)在股票上得到更多的熊熊味时,它就会是一面红色的旗帜,用来扔到投资领域. 世界最大的资产管理人星期二提升了对美国国库的看法,更喜欢短期债券,因为收益率高提高了潜力。 研究由BlackRock的让·博伊文,里克·里德和魏立进行. 而球队则将自己对美国股票的看法降格为中立. BlackRock的团队说, “更高的收益率和可能过高的美联储收紧预期, "我们升级了宝藏,喜欢短期债券. 反过来,我们取利润:将美国股票降级为中立, 然而,尽管出现了新的关切,他们仍对AI股票持乐观态度。 "我们在美国股票中保留了AI的基本信念和对AI的偏好",战略家补充说. BlackRock的股票降级是在市场非AI地区不稳定的时候出现的. 美国国库增产的推波助澜, 提升了投资成本. 根据神户信使的新分析,目前大约84%的S&P 500(^GSPC)股票的交易量至少比其历史最高水平低10%. 更有甚者,59%的S&P500股票至少比其高低20%,41%的股票比高低30%以上,17%的股票比高低50%以上. "我会说,[这]不是一个危机,而是一个开眼器,我认为这是一些你必须思考的事情,"里德谈到9月下旬在Sozzi Unleashed上产量的移动. 布赖恩·索齐是雅虎财经的执行编辑,与布赖恩·索齐播客一起主持"Sozzi Unleased morning show"和"权力玩家",也是雅虎财经编辑领导团队的成员. 追踪索齐的X@BrianSozzi,Instagram,和LinkedIn. 故事小说? (原始内容存档于2017-09-22). Email brian.sozzi@yahoofinance.com. 点击这里深入分析最新的股市新闻和移动股价的事件 阅读雅虎财经的最新财经新闻