'I think we have a risk of a melt-up, not a meltdown,' BlackRock CEO Larry Fink said on SquawkCNBC today.
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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