BlackRock is a manager of ETFs, almost all which involve passive investment funds. They’re not much different from Vanguard.

Now if you don’t know what this means, I’ll break it down for you: BlackRock doesn’t know what’s going on, their funds just follow preset rules for underlying assets.

And the reason they hold so many assets is because they’re passive in nature.

I mean, people obviously say things because they have an agenda.

But let’s look at BlackRock specifically. When they said a recession was coming, we were at the absolute bottom of a stock market downturn. Isn’t that weird?

If anyone listened BlackRock, they would have lost a lot of money.

I’m not saying BlackRock knows where the market is going—they clearly don’t. I’m saying we need to be skeptical about big pronouncements regarding where things are going.

Sorry, I have to call shenanigans. That article was written in 2022:

https://markets.businessinsider.com/news/stocks/blackrock-recession-warning-stock-market-analysis-2023-economic-outlook-2022-12?op=1

A more recent article, in 2024, says they see no recession:

https://www.bloomberg.com/news/videos/2024-08-19/blackrock-still-overweight-us-stocks-sees-no-recession

People on Twitter literally make shit up to fit narratives.

Please, can we just have a break?

Chinese animation really has come a long way.

A job is a job.