From Yahoo Finance: 2025-04-22 10:16:00

• Fidelity notes increased market anxiety due to US policy uncertainty, tariff hikes, and tighter immigration policies. The global business cycle shows desynchronization, with a need for diversification. Gold and commodities gain, while the US dollar decline fuels non-US equities.
• US policy uncertainty affected Q1 financial markets, with worries about tariff effects. Fidelity stresses diversification in fixed income and non-US assets amid growth risks. S&P 500 returns -4.3%, gold and commodities see gains.
• Consumer inflation stays around 3%, above the Fed’s 2% target, with risks from tariff increases. Labor market remains tight despite policy uncertainty and funding cuts. Merrill Lynch advises defensive stock investments amid trade uncertainty.
• Alphabet Inc. (GOOGL) stands out among cheap blue chip stocks, with a forward P/E of ~17.04x and BofA Securities maintaining a "Buy" rating. Google’s AI and core search business show resilience and growth, positioning the company for future success.
• GOOGL ranks 1st among hedge fund picks for cheap blue chip stocks. AI initiatives drive future growth and market dominance. While GOOGL shows promise, deeply undervalued AI stocks may offer higher returns in a shorter timeframe. Check out the report for more information.

Read more: Is Alphabet Inc. (GOOGL) the Cheap Blue Chip Stock to Buy According to Hedge Funds?