The outperformance in Blackrock far outpaces the S&P and most of its competitors in the asset management space. S&P in orange & State Street in blue.
This pop on earnings is short-lived. I expect it to sell back off to where it came from. And when we have the 10-15% market correction which is needed for healthy financials; Blackrock will plummet during the correction because their assets are directly tied to the market.