In short
Rick Rieder at BlackRock swaps stocks for bonds that yield 7% or more
He gives the stocks a B-minus rating and expects a return of 10% to 12%.
He says that every 1-point Fed hike costs Washington up to $150 billion a year.
Read the original story BlackRock CIO sells stocks for high-quality bonds: Here’s why by Lockridge Okoth on no.beincrypto.com