What correction? $6.3 trillion manager BlackRock just boosted its outlook on US stocks

BlackRock raised its outlook on US stocks to overweight from neutral, citing the positive effect of fiscal stimulus on earnings growth. The firm notes the ratio of upward profit revisions for US companies relative to downward ones is the highest since 1988. On the heels of the stock market's first 10% correction in two years, BlackRock has turned positive on US equities. Enticed by the earnings growth that should result from tax cuts, the $6.3 trillion investment firm raised its...