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."
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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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