BlackRock CEO Larry Fink and Goldman Sachs CEO David Solomon both expressed strong optimism about the U.S. economy, citing a technology supercycle as a powerful driver of future growth. Fink told CNBC he is "very bullish on the markets over the next 12 months," arguing that the technological revolution will boost profit margins for more companies, noting BlackRock's own margins rose 260 basis points over the past year. Solomon, in a Fox News interview, said the U.S. economy is "in pretty good shape" and that over a three- to seven-year horizon, the technology supercycle, capital formation, and entrepreneurship will fuel real productivity gains. Both leaders acknowledged near-term geopolitical risks, including Middle East tensions and U.S.-China relations, but maintained their long-term bullish outlook.
BlackRock IncCEO cites technology supercycle boosting profit margins, with BlackRock's own margins up 260 bps.
Goldman Sachs Group IncCEO cites technology supercycle driving productivity gains and economic growth over 3-7 years.