The U.S. stock market’s two-day tech-led fall last week has revived investor worries about a spiral of selling that could crash the broader market, but Rick Rieder, head of the BlackRock Global Allocation team, does not see stocks going off a cliff. Indeed, the $23.2 billion BlackRock Global Allocation Fund that Rieder runs currently has options trades that would benefit from a rebound in stocks. “I think the market is going to keep going higher,” Rieder, said in a Reuters interview. …read more
Source:: Yahoo Finance
