<\/p>\n
BlackRock\u2019s Rick Rieder says equities are surfing off \u201camazing\u201d technicals amid recent all-time highs.<\/p>\n
In a new interview with Bloomberg Television, Rieder, the financial giant\u2019s chief investment officer (CIO) of global fixed income, outlines<\/a> what he thinks is driving the recent market rally.<\/p>\n \u201cThe technicals in the equity market are extraordinary, and the earnings numbers that are coming through are pretty powerful, and so you look at the US economy\u2026 the primary drivers are doing quite well. You look at tech\u2026 and you look at this earnings growth. I was looking at some of the semis, you\u2019re talking about 97% earnings growth year-on-year. I mean unbelievably powerful numbers.<\/em><\/p>\n And then you look at the high-end consumer, that consumption. Retail sales, when you break it down, are pretty darn good.\u201d\u00a0<\/em><\/p>\n Rieder notes the positive earnings materialized during a period of time \u201cwhen nobody wanted to buy stocks.\u201d<\/p>\n \u201cWe\u2019re going to buy back $1 trillion of stock this year. So actually there\u2019s not enough stock to buy.\u201d\u00a0<\/em><\/p>\n The S&P 500 is priced at 7,099.35 at time of writing after hitting a new all-time intraday record high of 7,147.52 on Friday. The leading equity index is down 0.37% on Monday but up 2.74% in the past five days and 9.11% in the past month.<\/p>\n Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>  <\/p>\n Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" BlackRock\u2019s Rick Rieder says equities are surfing off \u201camazing\u201d technicals amid recent all-time highs. In a new interview with Bloomberg Television, Rieder, the financial giant\u2019s chief investment officer (CIO) of global fixed income, outlines what he thinks is driving the recent market rally. \u201cThe technicals in the equity market are extraordinary, and the earnings numbers […]<\/p>\n","protected":false},"author":2,"featured_media":425176,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-425175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/425175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=425175"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/425175\/revisions"}],"predecessor-version":[{"id":425177,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/425175\/revisions\/425177"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/425176"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=425175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=425175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=425175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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