Nelson Peltz says postelection market rally won't last: ‘There will be something that will upset it'

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Billionaire investor Nelson Peltz is confident in the incoming Trump administration but doesn’t think the stock market rally will last.

Billionaire investor Nelson Peltz is confident in the incoming Trump administration, but he doesn't think the stock market rally will last."Trees don't grow to the sky, definitely not uninterrupted," he told CNBC's Sara Eisen on the conference stage in New York."There will be something that will upset it. I think we've got euphoria from the election. On the other hand, you look at the international stocks, we've gotten slayed over the last week.

"I've never seen so much optimism," he said."America is No. 1 in the world. It's the shining light on the top of the hill, whatever the expression goes, and we separated ourselves from whoever is number two. But we've got issues that we have to resolve." Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly

 

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