BlackRock recommends moderate over allocation to US stocks before the end of the year, with a particular focus on finance, discretionary consumer goods, and specific technology sectors. BlackRock reduces its holdings in defensive sectors, believing that the US stock market will benefit from economic growth, loose monetary policy, and fiscal stimulus policies. Although the US stock market has risen by 25%, BlackRock believes that the upward trend may continue, especially for cyclical stocks. Meanwhile, the bond market may face challenges in the long term due to the impact of economic strength and fiscal deficits.