BlackRock Co-founder Predicts Market Comeback, Cites $9 Trillion Cash Pool
WikiBit 2024-04-16 19:47Robert Kapito, BlackRock Inc.s co-founder offers a cautiously optimistic outlook for the market, for
Robert Kapito, BlackRock Inc.s co-founder offers a cautiously optimistic outlook for the market, foreseeing a potential resurgence. In his assessment, he points to the substantial sum of nearly $9 trillion currently held in money market funds and cash alternatives at banks. This considerable pool of capital, according to Kapito, possesses the potential to exert a significant influence on the equity market, making it a force to be closely monitored in the coming periods.
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