๐จ BlackRock: "old-school" diversification no longer works
The world's largest asset manager ($11T+) says the classic playbook is breaking down โ gold and long-dated Treasuries no longer cushion portfolios, and every allocation call is now an active bet. Oil is the year's #1 asset, bitcoin #1 from the bottom; the S&P 500 just fell 2%, the Nasdaq nearly 5%, and 10-year yields are back at one-year highs.
The takeaway: build around exposures, not asset-class labels, keep a "plan B" hedge ready, and lean into AI โ chips, data centers, power. Plus a new Fed chair takes the helm and Strait of Hormuz risk hangs over oil.
Full breakdown with all the tables โ in the PDF attached โ๏ธ
๐จ BlackRock: "old-school" diversification no longer works
1 ืงืืืฅ ืืฆืืจืฃ ืืคืืกื ืื โ ืืืื ืืืคืืืงืฆืืืช ืืืืจื.