$6 TRILLION INVESTMENT CHIEF: The next recession is years away

Business Insider executive editor Sara Silverstein speaks with Richard Turnill, global chief investment strategist at BlackRock, which oversees $6 trillion. He weighs in on the low-volatility environment, and says that it has some people too bearish on the market. He points out that if an investor sold in the past during a low-volatility periods, they missed out on big gains. Because of this low volatility, Turnill recommends buying dips in the market. He also argues that the lack of price swings largely reflects stable economic conditions.

Turnill says we're in the middle of a very large expansion right now, which he says is one of the slowest in history. He points out that recessions don't start on a clock, and that cycles should be measured based on excesses building up in the economy. As such, he sees the next recession possibly being years away, with very few signs of leverage being overstretched.