Larry Fink says we are 'probably' in a recession, but don't sell your stocks just yet

"We’re in a recession... Most CEOs would say we are probably in a recession right now."

"One CEO specifically said the airline industry is a proverbial bird in a coal mine - the canary is sick already."

"I’m much more worried that elevated inflation - that’s gonna bring rates up."

"Conditions are more of a buying opportunity than a selling opportunity in the long run."

Larry Fink, the CEO of BlackRock, indicated that many CEOs believe the US is in a recession, citing a decline in travel demand as a concerning sign. He expressed worries about inflation due to proposed tariffs by President Trump, which could hinder rate cuts from the Federal Reserve. Although Fink predicts a further market decline of 20%, he considers this period a buying opportunity, noting the lack of systemic risks in the financial system. He emphasized the need for infrastructure investment, particularly in AI, as a key growth area ahead.

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