(Bloomberg) -- Emerging-market stocks and bonds have staged a turnaround from the selloff that followed Donald Trump's election victory. But their outlooks are now diverging.

BlackRock cut its recommendation for developing-nation debt to neutral this week as it reiterated a bullish view on equities, joining strategists at JPMorgan Chase. who prefer shares to fixed income. Goldman Sachs says a pickup in global growth favors stocks.

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