Morning Minute: BlackRock Goes Risk-On for 2026

Tyler Warner

Thu, December 4, 2025 astatine 7:20 AM CST 5 min read

Morning Minute is simply a regular newsletter written by Tyler Warner. The investigation and opinions expressed are his ain and bash not needfully bespeak those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s apical news:

• Crypto majors somewhat greenish with ETH starring post-Fusaka; BTC astatine $93k

• BlackRock shares risk-on outlook for 2026, points to AI and stablecoins arsenic large forces

• Coinbase says apical banks are piloting stablecoins successful stealth

• Polymarket launches app successful US to those connected waitlist

• Kalshi partners with CNN, faces cease & desist successful Connecticut

The world’s largest plus manager is betting large connected equities into 2026.

Thanks to AI and the integer plus boom.

BlackRock released its 2026 Global Outlook yesterday, and the connection is straightforward: they’re staying risk-on.

The steadfast is overweight equities, underweight semipermanent Treasuries, and doubling down connected what it calls the “mega forces” driving markets for the adjacent decade.

Specifically, they spot AI, the digital-finance buildout, and large shifts successful planetary proviso chains and geopolitics arsenic driving factors.

Here are the halfway takeaways from the report:

• AI is the caller halfway of gravity: BlackRock frames the full investing scenery astir long-duration AI forces reshaping growth, margins, and superior allocation.

• Stablecoins are present portion of the “future of finance:” BlackRock says the displacement successful however households and businesses clasp cash, borrow, transact, and gain output is simply a large structural force, present driven by crypto and stablecoins.

• Broad indexes aren’t the casual play anymore: If mega forces (i.e. AI) are pulling returns into circumstantial sectors, buying the broader scale doesn’t marque arsenic overmuch consciousness - it’s clip to get selective

• Equities > semipermanent bonds: Elevated deficits and ongoing concern cycles mean long-duration Treasuries don’t connection the information they utilized to.

• Active, thematic vulnerability beats accepted diversification: Rather than spreading crossed plus classes, BlackRock says investors should tilt toward sectors positioned to payment from structural transformation.

Not the proposal galore would’ve expected, adjacent a fewer years ago.

BlackRock Remains Risk-on arsenic ‘Mega Forces’ Like AI, Stablecoins Transform Financial Markets