Well, slap my face and call me bullish-BlackRock’s chief investment officer, Rick Rieder, is here to tell us the stock market is still the hottest party in town, and we’re all invited (as long as we bring our 401ks). Apparently, the bull run is less of a sprint and more of a marathon, fueled by earnings estimates that are higher than my standards for a second date.
In a recent chat at the CNBC CEO Council Summit (aka the Cool Kids’ Table of Finance), Rieder gushed about the market being in an “extraordinary period of time.” Translation: stock prices are climbing faster than my anxiety at a family reunion, while earnings multiples are taking the stairs. Go figure.
Sure, Rieder tossed in a few risks like a salad on the side, but he’s all-in on the earnings growth story. Because, you know, nothing says “financial stability” like 20%-plus earnings growth. Except maybe a lifetime supply of cheese.
“I don’t think we’ve ever seen anything like this,” he said, probably while adjusting his power tie. “The cash keeps coming in like it’s a Black Friday sale at Target, and the multiples are lower than my patience for small talk. Meanwhile, earnings growth is popping off like it’s 1999 all over again. But hey, let’s not forget the crowding-more momentum trading than a Black Friday doorbuster. Yikes.”
Rieder’s got his eye on the Magnificent 7, because apparently seven is the magic number for stocks that are “throwing off earnings growth like it’s confetti.” And by confetti, I mean 30%-40% growth. Casual.
“Yeah, there’s uncertainty,” he admitted, probably while sipping a latte made from unicorn tears. “But there’s also a ton of cash sloshing around, buybacks galore, and IPOs popping up like weeds. So, yeah, stay in it. The equity market’s probably not going to crash and burn tomorrow. Probably.”
So there you have it, folks. According to Rick Rieder, the stock market is still the place to be-unless you’re into stability, predictability, or sleep. In which case, maybe stick to bonds. Or therapy.
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2026-06-08 15:01