Influenced by optimism about a strong medium-term recovery, BlackRock has advised buying assets in the sectors most affected by the coronavirus pandemic.
The company stated that the distribution of the vaccine, financial and economic stimulus, and the return of demand levels to rising would lead to an influx of investments and a return to growth in sectors such as tourism, transportation, and entertainment. They mentioned that the technology and cloud computing sectors would continue to grow due to the increasing reliance on technology and the acceleration of digital transformation driven by the pandemic. The company expects more volatility in the short term due to factors such as rising infection rates, vaccine distribution, and the transition of power in the United States.
