BlackRock’s Rick Rieder - Rethinking Risk Into 2026 | #609
Today’s guest is Rick Rieder. Rick oversees more than $2 trillion in assets as the Chief Investment Officer of Global Fixed Income at BlackRock. He also heads the Fundamental Fixed Income business and the Global Allocation Investment Team. In today’s episode, Rick discusses the current state of the markets, focusing on year-end dynamics, free cash flow at big-tech companies, and the evolving economic landscape since Liberation Day. He explains both what he expects the Fed to do and what he thinks they should do, and how that relates to portfolio construction. The discussion also explores the differences between gambling and investing, lessons from tennis that apply to investing, and much more.
Key Points
- Despite high equity market valuations, large companies continue to generate substantial free cash flow, which supports their ability to weather economic uncertainties.
- The U.S. economy is generally in good shape, but the labor market faces challenges, particularly for lower-skilled jobs, emphasizing the need for lower interest rates to support broader employment.
- The evolution of AI and technology will create winners and losers in the market, making it crucial for investors to adapt their strategies and tools for the coming years.
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Chapters
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| 1:31 | |
| 4:23 | |
| 7:18 | |
| 17:12 | |
| 21:13 | |
| 24:28 | |
| 31:36 | |
| 35:27 |
Transcript
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