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Market Selloff ‘Mostly Technical,’ Says BlackRock’s Despirito
Posted
August 12, 2024
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4:49Now PlayingTony Despirito, global CIO of fundamental equities at BlackRock, says the recent combination of concentration in Mag Seven stocks and low volatility is “absolutely abnormal,” but sees the underlying fundamentals for the market as “still very strong” as the US economy slows “in a good way.”
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