Greenlight's David Einhorn says he's still 'bearish on stocks and bullish on inflation'

Hedge-fund founder David Einhorn is betting on U.S. stocks to keep falling as inflation proves more stubborn than many expect, according to comments he made during a Wednesday interview with CNBC’s “Halftime Report.”

He... Hedge-fund founder David Einhorn is betting on U.S. stocks to keep falling as inflation proves more stubborn than many expect, according to comments he made during a Wednesday interview with CNBC’s “Halftime Report.” He added that he expects interest rates on both the short- and long-term notes to keep on climbing. Yields on cash-equivalent six-month Treasury bills recently topped 5%, meaning short-term debt is currently offering investors a more attractive risk-adjusted return than U.S. stocks.

After years of losing money with bets against high-flying growth names like Tesla Inc. TSLA and Amazon.com Inc. AMZN , Einhorn’s Greenlight Capital, which he founded in May 1996, finally hit pay dirt in 2022 as many of the stocks in Einhorn’s “bubble bucket” cratered.

'After years of losing money with bets against high-flying growth names like Tesla Inc. TSLA and AMZN...' Bias much?

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

David Einhorn says investors should be 'bearish on stocks and bullish on inflation'Greenlight Capital's David Einhorn said Wednesday he's keeping his negative stance on the stock market as inflation and interest rates could shoot higher. Bearish since 2008 Great interview. Thanks Einhorn.
Source: CNBC - 🏆 12. / 72 Read more »

Hedge funds unimpressed by Chinese internet giants' peppy earningsA set of bumper earnings reports from the likes of Baidu Inc and other Chinese internet giants isn't impressing hedge funds and other investors who have cut exposure to the stocks and seem to be waiting for more good news.
Source: Reuters - 🏆 2. / 97 Read more »