‘I think you gotta, you gotta stay in’: BlackRock’s Rick Rieder on bull market risks

Watch on YouTube ↗  |  June 02, 2026 at 18:58  |  2:24  |  CNBC
Speakers
Rick Rieder — CIO of Global Fixed Income at BlackRock

Summary

BlackRock's Rick Rieder discusses the bull market, highlighting strong earnings growth, reasonable valuations, and supportive technicals. He advises staying invested despite geopolitical risks and crowding concerns, as the positives outweigh the negatives.

  • Markets at record highs amid strong earnings growth.
  • Tech and semiconductor multiples are lower than in October.
  • Magnificent Seven trade at 26x earnings with 30-40% growth.
  • Cash inflows and buybacks provide technical support.
  • Geopolitical risks and crowding are noted as concerns.
  • Overall bullish stance on U.S. equities.
Trade Ideas
Rick Rieder CIO of Global Fixed Income at BlackRock 2:14
Stay in equities, earnings growth strong.
The speaker believes the equity market will continue to perform well because earnings growth is projected at over 20% for the next year, multiples in tech and semis are lower than in October, and the Magnificent Seven trade at 26x earnings with 30-40% growth. Additionally, technicals are supported by strong cash inflows, buybacks, and a large IPO calendar. Despite geopolitical uncertainty and crowding risks, the positives outweigh negatives.
SPY HIGH
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This CNBC video, published June 02, 2026, features Rick Rieder discussing SPY. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Rick Rieder  · Tickers: SPY