BlackRock - Market plunge: This is not 2008
Recent market moves have been reminiscent of the financial crisis. But we don’t think it’s 2008. Read our thoughts in our Market Plunge bulletin.
Key Views
The virus shock’s impact will likely be large and sharp, but we believe investors should be level headed, take a long term perspective and stay invested.
Markets moves have been reminiscent of the financial crisis. But we don’t think it’s 2008 as the economy and financial system are on much stronger footing.
We still see the expansion as intact, but this requires policy makers to act decisively to prevent the coronavirus from ending the cycle prematurely.
We maintain benchmark exposure to risk assets, and emphasize resilience through quality equities, cash and sustainability.
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