Respected hedge fund manager David Tepper is scheduled to appear on CNBC this Friday.
Last time he was on the network, he was very bullish on the stock market and said buy all assets. Now, NyPo tells us that Tepper has toned down his bullish stance because of the climb in stocks.
Does Tepper understand the link between Fed money printing and the economy? Does he understand the money printing combined with a declining desire to hold cash balances will push inflation rate higher?
His call back in September to buy all assets suggested some understanding of the impact of the Fed. He got the inflation of the stock market right. But how deep is this understanding? Does he understand price inflation is just ahead? We should find out, tomorrow?
No comments:
Post a Comment