Markets have risen so high that – like a tower of Jenga blocks – they’ve becoming unstable, and investors need to take care, BlackRock says.
Global markets are showing signs of being in the late stages of a game of Jenga, and investors need to play cautiously, argue two BlackRock executives.
Jenga is a game in which players take turns removing one block at a time from a tower constructed of 54 blocks. Each block removed is then placed on top of the tower, creating a progressively taller, yet more unstable, structure.