The Meb Faber Show
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BlackRock's Rick Rieder on the State of the Markets | #446
Today’s guest is Rick Rieder, the CIO of Global Fixed Income at BlackRock & the Head of the BlackRock Global Allocation team. Rick is responsible for roughly $2.4T in assets. In today’s episode, Rick shares his view of the world today, touching on inflation, the Fed, and why now is the most interesting time he’s ever been in the markets. He shares where he sees opportunity given all the risks in the markets and even shares his “secret to trading.”
Key Points
- Rick Reider emphasizes the importance of patience and maintaining a significant cash position in the current market environment, which he describes as one of the most challenging he has ever seen.
- He highlights the opportunity in clipping coupons from safe assets, particularly in fixed income, where yields are becoming more attractive and could lead to a renaissance in the asset class.
- Reider also points to the potential in sectors like space and biotech for future investment opportunities, while cautioning that these areas require specialized expertise to navigate effectively.
Follow Rick: Website; X; LinkedIn
Resources: The Black Swan
Chapters
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| 26:08 | |
| 30:46 | |
| 34:16 |
Transcript
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