BlackRock CIO Says Stock Market Technicals 'Extraordinary' Amid Record Highs, 97% Semiconductor Earnings Growth
Rieder cites strong stock-market techs and booming earnings, notably 97% YoY semiconductor growth, with positive retail sales and consumer spending underpinning the rally; buybacks nearing $1 trillion fuel demand as S&P 500 tests records.
Abstract: BlackRock CIO Rick Rieder points to extraordinary market technicals and robust earnings growth, led by semiconductors up 97% YoY, with solid retail and high-end spending and massive buybacks around $1 trillion supporting the rally; the S&P 500 hit an intraday high.
SPX500-0.18%
GateNews·04-21 09:21
