Larry Fink Sees Volatility Lingering Even as Trade Tensions Ease

Some of the world’s top financial leaders are preparing for continued market volatility despite the US-China trade truce — but say the uncertainty is also creating new openings for investment.

“There’s going to be a lot of volatility until we have greater certainty as to what is the new equilibrium,” said Larry Fink at the Saudi-US Investment Forum in Riyadh. That new balance, the BlackRock Inc. chief executive officer said, depends on how the US reorders global trade. “When there is that uncertainty, you’re going to see more and more money in cash,” he said.