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
More:
- 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"