BlackRock investment leaders at our June 6-7 Outlook Forum agreed the new regime of macro and market volatility is playing out. The consensus: Granular investment opportunities abound even against that backdrop. Counting on broad market moves won’t do now, in our view. That shift comes as U.S. and European economies have entered recession. But we don’t see central banks coming to the rescue with rate cuts. We see opportunities in relative pricing and structural trends. {chart} The average range of individual stock returns versus broad index returns, or dispersion, since 2020 (green line in chart) has jumped about 10 ... (full story)