BlackRock's Wei Li Says Savings Crunch Will Hurt Some Stocks More Than Others
May 19, 2023
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1:55Now PlayingBlackRock's Wei Li Says Savings Crunch Will Hurt Some Stocks More Than Others
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as posted by the channelWei Li, global chief investment strategist at BlackRock, says that investors should pay more attention to selectivity within sectors as purchasing power begins to wane toward the second half of the year and companies find it harder to pass on production costs. "When that happens, it's going to be even greater differentiation within the sectors themselves, because only the leading companies with the pricing power are able to do that." Li spoke on "Bloomberg Markets: Europe."
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