Despite a rebound in the U.S. stock market following the U.S.-China tariff truce, Wall Street leaders like Ken Griffin, founder of Citadel, and Larry Fink, CEO of BlackRock, have emphasized holding cash due to anticipated market volatility. Griffin criticized Trump’s tariff policy and suggested that holding cash could be the best way to navigate the situation. Fink stated that there will be significant volatility until the new global trade order is clear and that investors’ preferences are shifting towards other economic zones like Europe, the Middle East, India, and Japan.
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Auto-posted at: 2025-05-13 21:04:50