Reported 2 months ago
Rick Rieder from BlackRock emphasizes the lack of 'natural sellers' in the stock market during the Yahoo Finance Invest conference. He highlights two key supportive forces for equities: growing earnings and the absence of sellers, due to substantial investments in 401(k)s and corporate buybacks. Despite recent market fluctuations, Rieder and other strategists remain optimistic about long-term growth, boosted by favorable earnings and potential fiscal policies from the incoming administration.
Source: YAHOO