Blackrock Co-CIO Jeff Shen stays upbeat on U.S. stocks, sees opportunities abroad

BlackRock's Jeff Shen, remains constructive on U.S. equities over the next six-to-12 months, but he said investors may find more compelling opportunities overseas as global markets play catch-up. "There's a fundamental capital expenditure story, given the excitement around artificial intelligence and the potential productivity growth coming from this investment," said Shen, co-chief investment officer and co-head of systematic equities at BlackRock, in an interview on the sidelines of the Sohn Investment conference in San Francisco. The S & P 500 has rebounded aggressively from its April lows to score consecutive record highs, bringing its 2025 gains to more than 17%. U.S. The powerful rally has been fueled by optimism over artificial intelligence and expectations for rate cuts, but questi