BlackRock: Despite high valuations, there is still room for growth in the US stock market
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BlackRock's bond chief Rick Rieder stated that although U.S. stock valuations are close to historical highs, there is still room for stock prices to rise due to a lack of sellers and support from company buybacks. He pointed out that 401(k) retirement plan funds and salary inflows into the stock market, along with large companies repurchasing trillions of dollars in stock, have reduced supply and pushed up per-share value. Rieder believes that the price-to-earnings ratio may return to a reasonable level, and despite current overvaluation, the natural trend for U.S. stocks is upward
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