BlackRock CEO Larry Fink has warned that the next 90 days could be turbulent for financial markets, emphasizing the need for stability and certainty. Speaking at a panel discussion in Riyadh, Saudi Arabia, Fink highlighted the significant amount of money, approximately $12 trillion, currently held in EU bank accounts and $11 trillion in US money markets, as indicative of the market's uncertainty. Fink pointed out that the U.S. deficits are a concern and could contribute to increased volatility. Despite a temporary tariff truce between the U.S. and China, which saw the U.S. reducing its tariffs on Chinese goods from 145% to 30% for 90 days, and China lowering its tariffs on U.S. imports from 125% to 10%, Fink believes volatility will persist. He also noted $950 billion in inflows into BlackRock as a sign of investor behavior during uncertain times. At BlackRock's annual meeting, Fink reassured investors that while markets have been disrupted, the risks are not systemic. He further stated that the strength of the entire financial system remains 'safe and sound,' reflecting a sense of stability despite ongoing uncertainties. ECB's Luis de Guindos also mentioned that financial stability in the Euro area has remained sound throughout the market turbulence.