BlackRock's Rieder Says Equities Aren't in a Bubble, Fed on Hold

Rick Rieder of BlackRock says U.S. equities are not in a bubble, citing ongoing capital expenditures and earnings growth as support for valuations. The comments are a bullish read on market fundamentals rather than a new data point, so the direct market impact is limited. The message favors a risk-on interpretation of large-cap U.S. stocks, but without changing earnings or policy expectations.

Analysis

Rick Rieder of BlackRock says U.S. equities are not in a bubble, citing ongoing capital expenditures and earnings growth as support for valuations. The comments are a bullish read on market fundamentals rather than a new data point, so the direct market impact is limited. The message favors a risk-on interpretation of large-cap U.S. stocks, but without changing earnings or policy expectations.