"March Stock Rally: Analyzing Record Gains, Fed Remarks, and Top Stock Picks"

Stocks opened higher in March following record gains in February, with BlackRock's Global Chief Investment Strategist Wei Li discussing market drivers and the impact of rising rates on risk assets. Despite strong earnings results, Li remains neutral on broader US equities due to valuations still being above pre-pandemic levels and the need for multiples to fall as rates rise, which hasn't happened yet. However, BlackRock maintains an overweight position on US equities with a preference for the tech sector.