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Richard Turnhill, BlackRock...>

GLOBAL MARKET/OPINION
GLOBAL MARKET/OPINION: Richard Turnhill, BlackRock Global Chief Investment
Strategist lists three investment themes for 2018:
- Stable global growth "with room to run". The G7 output gap is shrinking as
"the US economy has joined Germany, the UK and Canada in running near full
capacity...We believe the remaining time to this cycle's peak is likely years."
- Inflation comeback. BlackRock sees US core inflation back at 2% and see 2017's
inflation soft path as "fleeting".
- Reduced reward for risk. 2017 was "near-perfect for risk assets". Regarding
asset allocation Turnhill says "Economic expansion supports both equities and
credit, but we prefer to take risk in equities, particularly non-U.S. stocks. We
see limited upside to credit"

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