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.
Stock Forecasts
SPY
Positive
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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