The director of billionaire hedge funds, Paul Tudor Jones, said that American actions could stage a “massive rally” before the current Haussier market reaches its peak, establishing parallels with the technological bubble of the late 1990s.
Speaking on CNBC, Jones stressed what he called a mixture of extraordinary policy – a budgetary deficit of 6% American combined with a federal reserve of the federal reserve – in contrast with 1999, when the United States led a surplus and the Fed increased rates.
He said that the combination could feed powerful actions in the next year, but warned that the possible market of the market could be suddenly and with steep losses, reflecting past speculative climaxs.
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Jones’ comments highlight an increasing concern that US budgetary and monetary policy could increase the prices of assets before a possible correction. Its warning can embrace the positioning of traders for late gains, but also volatility covers against a lively reversal.
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