BlackRock: US technology companies' earnings exceed expectations, maintaining overweight positions in US and Japanese stocks

BlackRock maintains an overweight position on US and Japanese stocks, and is optimistic about artificial intelligence investments. In the second quarter, the profit growth of US technology and non-technology companies was 20% and 5% respectively, both exceeding expectations. Despite the technology sector leading the way, there are also initial signs of profit growth in the non-technology sector. Although the rise in the US unemployment rate in July has raised concerns about a recession, BlackRock believes it is a slowdown in economic growth rather than a recession. Adjustments to the Bank of Japan's policies need to be cautious, but mild inflation can promote corporate profit growth