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Wall Street Leaders in Riyadh Urge Investors to Bet on America

Executives cited renewed inflows to dollar assets driven by heavy AI investment.

Overview

  • BlackRock’s Larry Fink said money has returned to the U.S. in recent months and recommended staying overweight U.S. assets for the next 18 months.
  • Goldman Sachs CEO David Solomon projected that most capital would remain in dollar-based assets and saw no obvious catalyst for a U.S. slowdown over the next 6–12 months.
  • Solomon said IPOs paused by the U.S. government shutdown should restart once the government reopens, pointing to the country’s advantages in capital formation.
  • U.S. stocks sit at record highs on AI-driven inflows, even as some executives and central bankers warn about overheating and the risk of a correction.
  • Blackstone’s Stephen Schwarzman expressed confidence that a TrumpXi meeting this week could ease trade tensions, while some investors flagged U.S. debt concerns and Bill Ackman downplayed them.