Rick Rieder, BlackRock’s chief investment officer of global fixed income, said earlier this week the current backdrop represents the “best investment environment ever,” citing unusually favorable dynamics in both equity and bond markets.

Speaking on CNBC, Rieder described “extraordinary” technical conditions in equities, with trillions of dollars still parked in money market funds and robust corporate buybacks shrinking available supply. While valuations for the market’s largest technology names remain elevated, he noted that earnings growth outside Tesla helped justify the multiples. “MAG-7 year-on-year growth is like 54%,” he said, adding that the pace makes the sector difficult to ignore.

On the bond side, Rieder highlighted the appeal of income. Investors can still build portfolios y

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