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BlackRock's Rieder: Buy Big Tech for Future Gains

1/14/2025

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Story summary
  • Rick Rieder from BlackRock sees the recent decline in big tech stocks as a chance to buy, especially large-cap firms.
  • He anticipates continued growth for these oligopolistic companies, benefiting consumers in the long run.
  • Rieder expects Treasury yields to stabilize, with the current 10-year yield at 4.79%.
  • He forecasts a promising equity market in 2025, potentially offering a 15% return.