Asia Tech Wire (Oct 21) -- Carson Block, founder of the well-known shortseller Muddy Waters, said that in the context of the job market is quite strong, the U.S. stock market will continue to benefit from capital inflows, and he recommended that investors buy the Magnificent Seven tech stocks.

The Magnificent Seven tech stocks including Tesla, Apple, Microsoft, Google, Amazon, Nvidia and Meta Platforms.

After the S&P 500 index record highs this year, triggering market concerns about valuation.

Brock said in an interview, capital inflows from retirement funds will remain a key driver of further stock market gains, especially for the most heavily weighted stocks.

"It probably pays to not think too much, just close your eyes and buy probably Magnificent Seven," he added.