Ahead Of Fed Rate Meeting, BlackRock Remains 'Risk-On' US Equities Despite Sticky Core Inflation - SPDR S&P 500 (ARCA:SPY)

Group 1 - The BlackRock Investment Institute maintains a "risk-on" investment stance, remaining overweight in U.S. equities despite sticky core inflation [1] - A softening labor market is expected to provide the Federal Reserve with justification to cut interest rates, which is a key driver for BlackRock's positive outlook on equities [2][3] - The AI theme is a primary pillar of BlackRock's strategy, significantly contributing to U.S. equity performance and corporate earnings, with the tech sector accounting for over 40% of the S&P 500's total return [4] Group 2 - BlackRock has upgraded its position on long-term U.S. Treasuries from underweight to neutral, anticipating further yield declines as the Fed begins its cutting cycle [5] - The firm is prepared to adjust its strategy if the labor market weakens more than expected or if hiring rebounds, potentially reigniting inflation [6] - The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust ETF (QQQ) ended higher, indicating positive market sentiment [7]