BlackRock Chief Executive Officer Larry Fink says global economic growth is synchronized for the first time since the 2007-09 financial crisis,

  • And signs of stress in riskier markets should not cause hysteria

Fink was speaking at the Reuters Global Investment 2018 Outlook Summit in New York

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  • Warned that some investors' comfort with calm markets could lead to "a setback" or even "a mess" if trades betting on placid markets start to do poorly
  • "Good markets, even good bull markets, have 5 and 10 percent corrections. We have not seen that"
  • global markets remain on sound footing
  • hard to see "a real setback economically despite concerns over a U.S. tax reform deal
  • "The biggest risk that I see is this 'benign confidence' that volatility is not creeping up"

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