BlackRock Chief Sees $9 Trillion That Could Flow to Equity Markets and Fuel a Comeback

BlackRock President Robert Kapito sees $9 trillion in money markets and bank cash that could flow into equity markets
This is a "force" that could fuel a market comeback, as investors have moved to private assets and equity markets have shrunk
The pace of the shift depends on the Fed's next interest rate move to address strong US growth and sticky inflation
In January, Kapito eyed cash that could shift to bonds if rates fall; now eyeing cash that could shift to equities
BlackRock positioning itself as a one-stop shop including alternatives, which represent 10% of fees but just 3% of AUM