There Has Been Just One Buyer Of Stocks Since The Financial Crisis – 07.17.17

 

  • When discussing Blackrock’s latest quarterly earnings (in which the company missed on both the top and bottom line, reporting Adj. EPS of $5.24, below the $5.40 exp), CEO Larry Fink made an interesting observation: “While significant cash remains on the sidelinesinvestors have begun to put more of their assets to work. The strength and breadth of BlackRock’s platform generated a record $94 billion of long-term net inflows in the quarter, positive across all client and product types, and investment styles.


  • The organic growth that BlackRock is experiencing is a direct result of the investments we’ve made over time to build our platform.”
  • While the intention behind the statement was obvious: to pitch Blackrock’s juggernaut ETF product platform which continues to steamroll over the active management community, leading to billions in fund flow from active to passive management every week, if not day, he made an interesting point: cash remains on the sidelines even with the S&P at record highs.

Read more at:There Has Been Just One Buyer Of Stocks Since The Financial Crisis

Source: zerohedge.com

This entry was posted in July 2017 Sentinel Alerts. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

five × 2 =