Reported 10 days ago
BlackRock CEO Larry Fink stated that many CEOs he speaks with believe a recession is currently underway, citing a potential further decline in stocks by around 20%. He described the U.S. economy as weakening and warned of increased volatility, but still suggested that long-term investors might find current market conditions to present buying opportunities. His statements reflect concerns about economic stability amidst rising tariffs and the need for pro-growth policies.
Source: YAHOO