Finance News

BlackRock CEO Larry Fink Says Further 20% Market Drop Is Possible

BlackRock CEO Larry Fink stated that the market could experience a further 20% decline, but emphasized that the current downturn presents a long-term buying opportunity, as the situation doesn't pose a systemic risk.
Markelitics
Find the best of all

Fink expressed this view during a recent appearance at the Economic Club of New York, noting, "I see it more as a buying opportunity than a selling opportunity, but that doesn’t mean we can’t go down further."

In a letter to shareholders last month, Fink also warned about Bitcoin’s (BTC) potential impact on the U.S. dollar, suggesting that the dollar could weaken if Americans start viewing the cryptocurrency as a safer asset.

Since President Donald Trump’s announcement of new tariffs on U.S. imports, markets, including the crypto sector, have faced significant turmoil. Bitcoin has fallen 5% over the past five days and 11% in the last month. The S&P 500 and Nasdaq have dropped 13% and 15%, respectively.

Fink further highlighted that inflationary pressures are stronger than many market participants anticipate and noted that there is already a widespread belief that the U.S. is in a recession. Consequently, he doesn’t expect the Federal Reserve to reduce interest rates this year.

Share this blog Post!
Markelitics
Best Of All...
Best Brokers
bullwaves
Bullwaves operates under Equitex Capital Limited, which is authorized by the Financial Services Authority of Seychelles (Seychelles FSA).
Sing Up Now
FxPro
Both robust and intuitive enough for professional trading firms and novice users. Fantastic user experience products with innovation.
Sing Up Now
Plus 500
Trade the markets with a reputable CFD provider to discover limitless trading opportunities on CFDs,currencies, stocks, commodities and more.
Sing Up Now
Vantage
Enjoy Instant Order Execution and a Professional Platform. Low fees and helpful, round-the-clock support. high quality. Indices. Trading.
Sing Up Now
XM
The top-tier DFSA, FCA, and ASIC all regulate XM. Right now, one of the best trading platforms offering wide range of products.
Sing Up Now
View All