The rally in global equities may have further to go as more money jumps back into the market, BlackRock CEO Larry Fink said Tuesday.
In stock market terms, a melt-up is considered a big move in the markets that comes from investors trying to get in on a momentum shift. It also can be a sign of a late-stage bull market. Stocks benefited this year from apparent progress in U.S.-China trade talks and a recalibration of global monetary-policy expectations.
"Many people thought we were going to be in a period of rising rates. We were not and we saw huge underinvestment and people had to rush into fixed income," Fink said."We have not seen that in equities yet."
SquawkCNBC translation: fomo will happen then we pull the rug
SquawkCNBC 😂 it’s summer coming and time to meltdown
SquawkCNBC Love a melt up 🙃 make it happen Larry!!
SquawkCNBC 💧 💧 💧 💧 💧 💧 💧 💧 Anybody in the lower or middle class feeling the trickledowneconomics TrumpTaxScam TrumpTaxes Taxcuts Trumpeconomy economy
SquawkCNBC Nice
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