Rick Rieder: No way markets are in a bubble but does have similar characteristics

Watch on YouTube ↗  |  June 11, 2026 at 19:42  |  3:00  |  CNBC
Speakers
Rick Rieder — CIO of Global Fixed Income at BlackRock

Summary

Rick Rieder, BlackRock's CIO of Global Fixed Income, believes markets are not in a bubble despite recent tech weakness. He advocates staying long equities, especially technology, and highlights the phenomenal power of compounding income in fixed income. He also warns that high cross-asset correlations are making traditional hedging less effective.

  • Rick Rieder sees no bubble; strong earnings support equities.
  • He says technology is transforming the world and the recent pullback is not a exit signal.
  • He emphasizes that compounding income works, making fixed income attractive.
  • He notes that rising correlations between rates, equities, and gold have weakened traditional hedges.
  • He describes his approach as 'dynamic patience'—adapting to news flow while staying in key positions.
Ideas
Rick Rieder CIO of Global Fixed Income at BlackRock 1:18
Stay long technology, it's transformative.
Technology is changing the world, and investors need to stay in that position. The recent tech correction is an opportunity, not a reason to exit.
XLK MED
Rick Rieder CIO of Global Fixed Income at BlackRock 1:22
No bubble, strong earnings support equities.
Earnings remain really good, the selloff is just clearing of equity and convertible debt issuance, not a fundamental breakdown. There is no way markets are in a bubble, so equities should do their thing this year.
SPY HIGH
Rick Rieder CIO of Global Fixed Income at BlackRock 1:26
Phenomenal compounding income in fixed income.
Income is phenomenal, and compounding income works. Fixed income offers attractive returns in the current environment and should be held for its compounding power.
US Fixed Income MED
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This CNBC video, published June 11, 2026, features Rick Rieder discussing XLK, SPY, US Fixed Income. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Rick Rieder  · Tickers: XLK, SPY, US Fixed Income