BlackRock’s Rieder Sees ‘Explosive’ Rally as Cash Gets Unlocked
BlackRock Inc.’s Rick Rieder said the surge in US equities following President Donald Trump’s Iran peace deal announcement reflects investors starting to redeploy the roughly $8 trillion to $9 trillion...
By Katie Greifeld, Scarlet Fu, Eric Balchunas · Bloomberg Markets
BlackRock Inc.’s Rick Rieder said the surge in US equities following President Donald Trump’s Iran peace deal announcement reflects investors starting to redeploy the roughly $8 trillion to $9 trillion held in money market funds.