BlackRock's Wei Li remains overweight AI (semis/hardware) and US equities, citing AI's transition to inference phase driving capex 60% higher YoY. She sees term premium rising to 150bps, underweights long-duration bonds. Oil prices 50% above pre-war pose near-term risk but economic incentives may resolve conflict. Central banks face tough trade-off; rate cuts unlikely.
explicit
explicit
RUT
implicit
Metals
USD
BlackRock
9.5
Asset Manager $10500.00B
Wei Li 9.0
Asset Manager $10500.00B
Wei Li 9.0
4/24/2026 2:44:18 PM
ndx
We are overweight AI, specifically semis and hardware. We are overweight US equities. The enormous amount of power and commitment seen so far keeps us overweight AI and US equities.
| 4/17/2026 11:36:30 PM | short term up | 7 days later | +2.69% | +2.69% |
| 4/16/2026 7:06:29 AM | medium term up | 20 days later | +7.09% | +7.09% |
| 1/6/2026 1:09:12 PM | medium term up | 20 days later | +1.11% | +1.11% |
| 10/28/2025 11:22:45 AM | medium term up | 20 days later | -6.19% | -6.19% |
| 10/20/2025 11:50:40 PM | short term up | 6 days later | +2.76% | +2.76% |
| 10/14/2025 5:43:21 PM | long term up | 61 days later | +1.30% | +1.30% |
| 9/29/2025 1:46:24 PM | medium term up | 20 days later | +1.87% | +1.87% |
| 9/9/2025 8:32:34 PM | short term up | 5 days later | +1.86% | +1.86% |
| 8/12/2025 10:38:50 PM | short term up | 5 days later | -0.57% | -0.57% |
yields
I think over the longer term, term premium in US Treasuries can go up to 150 basis points. Currently at 66 basis points. There is room for that to push higher.
| 4/17/2026 11:36:30 PM | medium term down | 21 days later | +3.76% | -3.76% |
| 4/16/2026 1:33:28 PM | short term down | 5 days later | +1.13% | -1.13% |
| 3/25/2026 11:41:19 PM | medium term down | 20 days later | -3.03% | +3.03% |
| 2/25/2026 4:02:13 AM | medium term down | 20 days later | +6.02% | -6.02% |
| 2/17/2026 7:21:06 PM | short term cautious down | 5 days later | -1.23% | +0.61% |
| 1/20/2026 11:06:19 AM | long term up | 61 days later | +1.90% | +1.90% |
| 1/15/2026 5:44:39 PM | medium term up | 20 days later | -0.50% | -0.50% |
| 1/15/2026 2:13:56 PM | medium term cautious up | 20 days later | -0.50% | -0.25% |
| 1/12/2026 11:04:02 PM | medium term down | 20 days later | +2.49% | -2.49% |
| 12/19/2025 2:04:39 AM | medium term cautious down | 21 days later | +0.43% | -0.22% |
| 12/16/2025 4:31:40 PM | medium term up | 20 days later | +0.67% | +0.67% |
| 12/8/2025 11:08:13 PM | medium term down | 20 days later | -1.67% | +1.67% |
| 12/5/2025 6:18:24 PM | medium term cautious down | 21 days later | -1.34% | +0.67% |
| 11/7/2025 10:05:12 PM | medium term cautious down | 21 days later | -0.34% | +0.17% |
| 11/7/2025 5:58:03 PM | medium term cautious down | 21 days later | -0.34% | +0.17% |
| 11/7/2025 5:48:57 PM | medium term cautious down | 21 days later | -0.34% | +0.17% |
| 10/24/2025 1:08:47 PM | medium term sharp up | 21 days later | +3.40% | +5.10% |
| 10/16/2025 3:04:37 PM | short term up | 5 days later | -1.35% | -1.35% |
| 10/8/2025 12:30:20 AM | medium term cautious down | 20 days later | -2.17% | +1.08% |
| 9/24/2025 2:05:49 AM | short term cautious down | 5 days later | -0.58% | +0.29% |
| 9/24/2025 2:05:49 AM | medium term cautious down | 20 days later | -3.02% | +1.51% |
| 9/9/2025 8:32:34 PM | short term cautious down | 5 days later | +0.05% | -0.02% |
| 9/9/2025 2:14:01 PM | medium term cautious down | 20 days later | +2.88% | -1.44% |
| 9/8/2025 1:12:56 PM | short term cautious down | 6 days later | -0.98% | +0.49% |
| 9/5/2025 9:11:57 PM | short term sharp down | 7 days later | -0.30% | +0.44% |
| 9/5/2025 5:42:22 PM | short term cautious down | 7 days later | -0.30% | +0.15% |
| 9/5/2025 5:35:01 PM | medium term cautious down | 21 days later | +2.35% | -1.17% |
| 9/4/2025 12:38:05 AM | short term cautious up | 5 days later | -1.32% | -0.66% |
| 8/12/2025 10:38:50 PM | medium term sharp down | 20 days later | +0.92% | -1.38% |
