BlackRock CEO Fink: Volatility Expected in the Next 90 Days as Funds Shift from US to Europe

Larry Fink, CEO of BlackRock, one of the world's largest asset management companies, stated that we will face volatility in the next 90 days, while the market needs certainty. When there is such uncertainty, people tend to hold more cash, and we have already witnessed this. Currently, there is $12 trillion deposited in bank accounts in Europe, and $11 trillion in money market funds in the United States. Additionally, due to uncertainty and possibly overly optimistic views on the U.S.: "We are seeing funds start to shift slightly from the U.S. to other economies, particularly Europe." He added that global investors are still overweight in the U.S., while most investors remain underweight in Europe, although the degree of underweighting has decreased. "I think a key feature is that over time, they will see more and more funds flowing into this region, including a return to Asia, India, and Japan."