With the recent Fed announcement harkening rising interest rates to come, BlackRock's global chief investment strategist told investors that if one has to choose between stocks and bonds, choose stocks, MarketWatch's
Ben Eisen reported.Russ Koesterich
said in a note to investors on Monday:
The basic ingredients of the equity bull market remain intact. Stocks are reasonably priced, interest rates are low, inflation is not a threat and corporate balance sheets remain healthy—all reasons why we believe stock prices should move higher over the intermediate term.
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