07:56 AM EDT, 04/08/2025 (MT Newswires) -- BlackRock has downgraded US equities to neutral from overweight on a three-month horizon, Bloomberg reported Tuesday, citing an analyst note.

The BlackRock strategists said they anticipate "more pressure on risk assets in the near term given the major escalation in global trade tensions."

The considerable drop in wealth could hurt sentiment and consumer spending, even as country-specific negotiations are expected to happen over time, "making it hard to have visibility on when and how this will settle," the BlackRock analysts said

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)