BlackRock CEO Warns: Markets Could Drop Another 20% as Recession Takes Hold

Larry Fink took the stage at the Economic Club of New York with a clear message: the worst may still be ahead. The BlackRock CEO warned that markets could fall an additional 20%, casting a long shadow over investor sentiment.

And yet, Fink didn’t paint a picture of doom. He sees opportunity in the chaos—a chance for patient capital to step in while others retreat, even as inflation chips away at household budgets.

His caution comes amid growing anxiety over Trump’s sweeping tariff policies, increasingly described as a “trade war.” With prices rising and consumers under pressure, the broader economy could soon feel the strain—reminding us that what starts as policy often lands directly on the checkout counter.

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