BlackRock CEO: The market may fall by 20%, and executives generally believe that the United States is in a recession.

Gate.io News bot message, BlackRock CEO Larry Fink expressed his views on the current market during an interview with Bloomberg reporter Erik Schatzker at the New York Economic Club. He pointed out that there is a 20% fall potential in the market, but this presents a long-term investment opportunity.

Fink revealed that the communication frequency with clients has reached its highest level since March 2020. Despite the market’s severe fluctuations, the overall situation is “fairly good”. He emphasized that the U.S. has shifted from being a global stabilizing force to an unstable factor, expressing concerns over high inflation leading to interest rate hikes by the Federal Reserve, while questioning the likelihood of multiple rate cuts within the year.

According to Fink’s feedback, most of the corporate executives he communicated with believe that the United States is already in a recession.

Source: Bloomberg