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?

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