Stocks could witness a surge of up to 12% this year, with no imminent recession on the horizon, as per Rick Rieder, the Chief Investment Officer of global fixed income at BlackRock Inc (NYSE:BLK), the world’s largest asset manager. His optimistic forecast was delivered on “The Meb Faber Show.” What Happened: Rieder projected a promising outlook for the financial markets and the U.S. economy, suggesting that the S&P 500 could surpass the 5,300-point mark by the end of the year, reported Business Insider. “I think equities will do 8% to 10% to 12%,” Rieder said. He lauded the robust performance …