Closing Bell Closing Bell: Navigating a Nervous Market 2/24/26
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Feb 24, 2026 
Rick Rieder, BlackRock’s CIO for Global Fixed Income and market strategist, offers concise market worldview. He discusses macro policy, Fed dynamics, and why fixed income looks attractive. He explains hyperscaler CapEx, balance-sheet implications, and how buybacks reshape positioning. The segment previews what to watch from Nvidia and touches on private credit liquidity concerns.
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Humility And Moderated Equity Positioning
- Rick Rieder says humility is essential in a volatile market and expects uneven but positive equity returns, forecasting low double-digit gains for 2026.
- He favors a moderated equity exposure, prefers income-generating fixed income (yields above ~6%), and likes EM debt and Japan opportunities.
Hyperscaler Spending Now A Show Me Story
- Rieder agrees market narratives changed: hyperscalers must now show revenue attached to CapEx rather than automatic funding assumptions.
- He notes past buybacks provided technical support that masked some risks; free cash flow is being redirected to CapEx.
Shift Toward Income With Attractive Fixed Income
- Rieder recommends building income allocations because fixed income yields are attractive relative to inflation and equity risk.
- He highlights you can get ~6%+ yield with moderate duration without stretching into risky credit or far-term maturities.