In a high inflation macroeconomic environment, with mounting geopolitical pressures causing the stock market to experience one of its worst first quarters in history, considering an investment in the world's largest asset manager and leading ETF provider might seem counterintuitive. Yet, it is the positioning for the long-run and the diversified business of Blackrock (BLK) that makes a good case for the stock, especially after the recent re-rating. I am bullish on BLK stock. Stock Price Performance After being a beneficiary of the extended 2010's bull market, the stock fell sharply following the breakout of the COVID-19 pandemic, only to embark on a swift recovery and make new all-time highs.
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