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BlackRock's Fink says stocks could extend fall by 20% amid US recession worries. (www.reuters.com)

submitted 1 week ago by [email protected] to c/[email protected]

3 comments fedilink hide all child comments

"Most CEOs I talk to would say we are probably in a recession right now," Fink told the Economic Club of New York on Monday. The tariffs will lead to higher prices, adding to inflationary pressure.

Still, the leader of the world's largest asset manager said stock market weakness since the tariff announcement on Wednesday was "more of a buying opportunity than a selling opportunity," in the long run and did not pose systemic risks.

"That doesn't mean we can't fall another 20% from here too," he said.

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[–] [email protected] 11 points 1 week ago

There's a pretty good chance BlackRock manages your 401k.

If you're a federal employee (including military) they manage your TSP.

[–] [email protected] 3 points 1 week ago

more of a buying opportunity than a selling opportunity

Probably. At the very least, the time to sell has long passed. However, since this crash isn’t due to any fundamental flaw in the markets but rather a reaction from spooked investors to the actions of a single person, I’d say there’s a good chance we’ll rebound almost as quickly as we fell.

[–] [email protected] 0 points 1 week ago

So how far into December would that extend autumn?