STOCKS | BlackRock CIO Says U.S. Equity Bull Run Can Continue on Earnings Growth Outlook

BlackRock chief investment officer Rick Rieder said the U.S. equity bull run can continue, citing higher earnings estimates as support for stocks. According to NS3.AI, Rieder said projected one-year forward earnings growth is above 20%. He also said valuations for the Magnificent 7 are supported by 30%–40% earnings growth.