BlackRock Co-founder Predicts Market Comeback, Cites $9 Trillion Cash Pool

Robert Kapito, BlackRock Inc.’s co-founder offers a cautiously optimistic outlook for the market, foreseeing a potential resurgence. In his assessment, he points to the substantial sum of nearly $9 trillion currently held in money market funds and cash alternatives at banks. This considerable pool of capital, according to Kapito, possesses the potential to exert a significant influence on the equity market, making it a force to be closely monitored in the coming periods.