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.
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 held in money market funds.
This article was originally published by
Bloomberg Markets
and is republished here under license.
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