BlackRock Inc. Chief Exeuctive Larry Fink says that with stocks knocking on the door of record highs, a surge to the upside appears more likely than a market...
‘We have a risk of a melt-up, not a meltdown here.’ Larry Fink, CEO, BlackRock Inc. BlackRock Inc. BLK, +2.25% Chief Exeuctive Larry Fink says that with stocks knocking on the door of records, a surge to the upside appears more likely than a market collapse. That is because so many investors still have lots of cash to put to work, the head of the world’s largest asset manager told CNBC in a Tuesday interview.
A meltup is often defined as a sharp and unexpected rise in the price of an asset class, driven largely by a stampede of investors who are more concerned about missing out on a big up move than by improving market fundamentals. Melt-ups are often followed by sharp market setbacks. Data from Lipper last week showed that U.S. equity funds saw $4.3 billion in inflows through the week ended April 10, but that followed a $19.7 billion outflow from the end of last year through April 3.The stock-market rally so far this year has been partly attributed to a dovish shift by the Federal Reserve, which abruptly paused its policy tightening effort in January to adopt a wait-and-see approach after delivering four rate increases in 2018.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks could have a 'melt-up' from here, BlackRock's Larry Fink saysStocks could rally even more in 2019 as more money jumps back into the market, BlackRock CEO Larry Fink says.
Read more »
Stocks could have a quick surge from here, BlackRock's Larry Fink saysStocks could rally even more in 2019 as more money jumps back into the market, says the head of the world's largest asset manager.
Read more »
BlackRock trims CEO Larry Fink's pay for 2018: filingBlackRock Inc, the world's largest asset manager, cut total compensation fo...
Read more »
Trump is standing behind controversial Fed board pick Herman Cain 'at the moment,' Larry Kudlow saysThe director of Trump's National Economic Council struck a decidedly noncommittal note when asked about Cain's support within the White House. On Capitol Hill, Cain's prospects for Senate confirmation grew dimmer by the day.
Read more »
Trump is standing behind controversial Fed board pick Herman Cain 'at the moment,' Larry Kudlow saysThe director of Trump's National Economic Council struck a decidedly noncommittal note when asked about Cain's support within the White House. On Capitol Hill, Cain's prospects for Senate confirmation grew dimmer by the day.
Read more »
Economist Larry Lindsey defends Trump's likely Fed nomineesA board packed with Ph.D. economists does not guarantee a good record when it comes to forecasting, says Lindsey, former director of the National Economic Council.
Read more »
Google Cloud’s new CEO is executing the playbook that Larry Ellison apparently wouldn’t let him run with at OracleGoogle Cloud CEO Thomas Kurian is taking a multi-cloud strategy — something he's said to have butted heads with Oracle's Larry Ellison over.
Read more »
Stephen Moore once slammed Trump's 'dangerous' immigration position, Larry Kudlow compared it to worst parts of World War IIPresident Donald Trump's pick to serve on the Federal Reserve Stephen Moore once criticized Trump's positions on immigration, describing them as 'extreme nativist' and calling them 'crazy' and 'dangerous.'
Read more »
Larry Page and Sergey Brin have reportedly failed to attend a single Google all-hands meeting in 2019According to Buzzfeed, Larry Page and Sergey Brin haven't made an appearance at any of Google's 2019 TGIF meetings.
Read more »
The 25 richest people in Silicon ValleyFrom filmmaker George Lucas to Oracle founder Larry Ellison, here's a look at the 25 richest people in Silicon Valley according to Forbes real-time billionaire data.
Read more »