Billionaire investor Leon Cooperman said he's short the S & P 500 above 6,400, though he expects the index will fall short of those levels and be down in 2025. "I am short the S & P above 6400, and I don't think we get there, and I think the market is down next year," Cooperman said Wednesday on CNBC's " Squawk Box ." "If I had a guess, but it's just a guess.
The Dow Jones Industrial Average hit an all-time high shortly after trading opened, and the S & P 500 briefly topped the 5,900 threshold. The S & P 500 closed Tuesday's session at 5,782.76. However, the investor expects the market is "fully priced" given ongoing risks, such as the conflict in the Middle East, as well as the rising fiscal deficit. "I expect under Trump we'll have more growth, higher interest rates, and clearly the market has more confidence.
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