monday interview: So, generally speaking, pretty cautious on the market, not outright bearish on the market, according to Market Watch. Tepper described the investing environment as a fairly fully valued market. Depending on the outcome of the election, the market can move different ways, the founder of Appaloosa Management told CNBC in a Monday interview. The S&P 500 index SPX, +0.62% was down slightly and has shed 1.8% in the month to date, trimming its 2016 gain to 4.2%. Tepper is widely seen as one of the world most successful hedge-fund managers. That report also said Tepper was weighing whether to more aggressively short the bond market in anticipation of future rate increases by the Federal Reserve. His fund has posted low single-digit gains so far this year, according to Institutional Investor, which reported earlier this month that Tepper was somewhat long stocks and somewhat short bonds.
(news.financializer.com). As
reported in the news.
Tagged under monday interview, hedge-fund managers topics.