Blackrock’s 5 Year Outlook is Grim, Especially for the Ark

Boy did these guys wake up on the wrong side of the bed. The investment gurus ar Blackrock are forecasting sub 10% investment returns for all asset classes, as well as negative returns for treasuries.

Using the pretzel logic of Blackcock, rates will climb during a period of stagnation. If all asset classes struggle over the next 5 years, how does one assume rates will go higher? If money isn’t flowing into stocks or bonds, then where will it go? Perhaps towards higher taxes?

I cannot see a scenario unfolding that punishes both bonds and stocks, and vice versa. We’re at an ebb tide. Only one asset class can win.