There are 'no natural sellers' in stocks: BlackRock's Rick Rieder

Published On Nov 18, 2024, 9:09 AM

Rick Rieder from BlackRock expressed confidence in the stock market, noting the absence of 'natural sellers' and highlighting factors that support equities. He pointed to growing earnings and a strong technical environment created by significant investments in stock through 401(k) plans and share buybacks. Other strategists echoed this optimism, raising year-end targets for the S&P 500 due to resilience in the economy and positive earnings growth, despite concern over rising US debt levels in the future.

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The current market dynamics suggest that equities are likely to perform well in the short to medium term due to sustained earnings growth and significant buying pressure from institutional investments.

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