BlackRock's Rick Rieder says AI bull market is supported by earnings growth, unlike dotcom era
By
Eric Rosenbaum
Pulled from the oven just right. Trustworthy, fact-dense, deeply satisfying.
Summary
BlackRock's Rick Rieder, overseeing $2.4 trillion in assets, compares the current AI-driven bull market to the dotcom era, stating he feels 'a bit more relaxed' this time due to strong earnings growth and cash reserves being reinvested into stocks. He acknowledges the extraordinary nature of the current period but advises investors to 'stay in' the market despite uncertainty, as fundamentals support continued growth.
Key quotes
· 3 pulledI think we're going through an extraordinary period of time. I don't think we've ever seen anything like this.
I think you gotta, you gotta stay in it.
I think you gotta stay in.
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