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CEO of world’s largest money manager sees stocks rallying in 2021 but not as much as last year – CNBC

CEO Larry Fink spoke after BlackRock reported that assets under management surged to a record $8.68 trillion.

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BlackRock’s Larry Fink told CNBC on Thursday he believes the stock market has room to run, but the head of the world’s largest asset manager cautioned that the rally may not be as robust as it was in the second half of 2020.
“I think we’re going to continue to see the market to be strong into 2021, probably not as strong as we saw in the fourth quarter or the third quarter last year,” the BlackRock chairman and CEO said on “Squawk Box.”
The S&P 500 rose more than 20% from July 1 to Dec. 31 as part…

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