Investors risk 'information overload' ahead of election, BlackRock says
Friday’s “interesting” jobs and manufacturing data risk adding to “information overload” for investors ahead of next week’s U.S. election and Federal Reserve meeting, said Rick Rieder, BlackRock Inc.’s chief investment officer of global fixed income.
“Ultimately, we’ll take notice of today’s labor market data, but we won’t obsess about it given the unclear weather-impacts,” Rieder wrote in emailed commentary, referring to the effects of two major hurricanes in September.
“In a sense, we feel like the current period is one of information overload, alongside markets that are choppy, volatile, subject to crowding and without much depth of liquidity,” he said.