Hedge-fund titan Paul Tudor Jones says stocks can rise because Fed is done hiking rates, but believes the market's stuck in a 'massive. multiyear trading...
Hedge-fund titan Paul Tudor Jones believes the Federal Reserve has delivered its last interest-rate hike for the cycle, which should keep U.S. stocks elevated heading into the end of 2023.
See: Stanley Druckenmiller warns of U.S. hard landing at Sohn conference, says debt-ceiling debate ‘really depressing’ See: Why the stock market will struggle to rally until debt ceiling, bank woes are in rearview mirror “We’re going to have a more bifurcated market than we’ve ever had over the course of the next five to 10 years because the launch of large language models is going to create a productivity boom,” he said, comparing the advent of the AI revolution to the dawn of personal computers and the Internet.
Stocks should move even higher once the “Kabuki theater” of the debt-ceiling stalemate has been resolved, ushering in a brief “halcyon period” for financial assets. The S&P 500 is up more than 7% so far this year, according to FactSet data.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian Stock Market: Solid Fed’s rate hike pause bets improve market sentiment, oil rebounds sharplyMarkets in the Asian domain are showing all-recovery strength as expectations for a pause in the policy-tightening spell by the Federal Reserve (Fed)
Read more »
Fed's Bostic: We may have to go up on ratesAtlanta Fed President Raphael Bostic told CNBC on Monday that there is still a long distance to go on inflation and added that they may have to 'go up
Read more »
First Four ‘Indiana Jones’ Movies Set New 4K Ultra HD ReleasesThe first four IndianaJones movies are getting new 4K Ultra HD releases this summer.
Read more »
Keith Jones to be the ‘big picture’ guy in Flyers’ new hockey operations triumvirateFlyers governor Dan Hilferty likened part of Jones’ role to that of a spokesperson, leveraging his ability to communicate with a wide audience thanks to his broadcasting career.
Read more »
Buckeyes to Browns: Luke Wypler, Dawand Jones excited to continue football careers in OhioFor years there's been a perception within the fan base that the Browns just don't draft players from the Ohio State Buckeyes.
Read more »
Indiana Jones 5 Already Has An Easy Way To Explain Shia LaBeouf's AbsenceShia LaBeouf will not return as Mutt Williams in Indiana Jones and the Dial of Destiny but there can be a very good explanation for that.
Read more »