Lightwave Logic Inc (LWLG)

[WhiteSahara]

BlackRock Says Stockpickers Will Have A Strong 2024

I believe BlackRock has selected LIGHTWAVE as a "select stock"!! 2023-11-13 13F BlackRock Inc. 7,951,901

BlackRock is making the case that 2024 will be the year for active investing strategies across stocks and bonds—and that quality companies will especially outperform the market.

The coming year will be characterized by structurally weaker growth, inflationary pressure, and interest rates that will remain stubbornly above prepandemic levels, said Wei Li, BlackRock’s global chief investment strategist, at a media briefing on Tuesday on the 2024 outlook.

This new environment “clearly comes with risks,” she said. “We do not want to take unintended macro risk. But the flip side of this is that the reward…for being active and selective in this environment is greater as well.”

Jean Boivin, head of the BlackRock Investment Institute, the in-house research arm of the world’s biggest asset manager, said the macro environment is one where investors will “need to steer portfolio outcomes more deliberately in grabbing the wheel.”

But as more than 20 years of data from the S&P Indices vs. Active report—better known as Spiva—has shown: successful active management is rare.

That doesn’t deter Tony DeSpirito, BlackRock’s global chief investment officer of fundamental equities, who focuses on “bottoms up” analysis, or stockpicking, while still being “macro aware.”

“When I think about my degree of excitement for the market, I think returns, probably in line with long-term historical averages,” he said. “But when I think about the opportunity for alpha [outperformance], that’s where I get really excited—the most excited I’ve been in 20 years actually.”

https://www.msn.com/en-us/money/savingandinvesting/why-blackrock-says-stockpickers-will-have-a-strong-2024/ar-AA1l2WVb?ocid=msedgntp&cvid=e729c41f81fc456abe3076412c0c97fa&ei=16