por admin » Lun Mar 08, 2021 8:17 am
Comprar
———
David Tepper is getting bullish on stocks, believes rising rates are set to stabilize
PUBLISHED MON, MAR 8 20218:07 AM ESTUPDATED MON, MAR 8 20218:10 AM EST
Yun Li
@YUNLI626
David Tepper, founder and president of Appaloosa Management.
David Tepper, founder and president of Appaloosa Management.
David Orrell | CNBC
This is a developing story. Check back for updates.
David Tepper, founder of Appaloosa Management whose comments have been known to move markets, said it’s very difficult to be bearish on stocks right now and thinks the sell-off in Treasuries that has driven rates higher is likely over.
The major market risk has been removed, Tepper said, adding that rates should be more stable in the short-term.
“Basically I think rates have temporarily made the most of the move and should be more stable in the next few months, which makes it safer to be in stocks for now,” Tepper told CNBC’s Joe Kernen, who shared them on “Squawk Box.”
The hedge fund manager also said stocks like Amazon are starting to look attractive.
A year ago before stocks really began to drop because of the pandemic, Tepper warned that the virus could be a game changer for markets.