Reported about 9 hours ago
BlackRock CEO Larry Fink has pointed out that tens of trillions of dollars are currently uninvested and sitting in cash, fueled by trade war concerns and U.S. economic instability. Speaking at the Saudi-US Investment Forum, he noted that $11 trillion is in U.S. money market funds and 12 trillion euros in European banks. While some investors are exploring markets outside the U.S., Fink cautioned that ongoing volatility could impact investor confidence, particularly concerning the U.S. deficits and the necessity for economic growth.
Source: YAHOO