Paul Tudor Jones says stocks likely to finish 2023 higher because Fed is done hiking rates

Hedge-fund titan Paul Tudor Jones believes the Federal Reserve has delivered its last interest-rate hike for the cycle, which should keep U.S. stocks elevated heading into the end of 2023.

See: Stanley Druckenmiller warns of U.S. hard landing at Sohn conference, says debt-ceiling debate ‘really depressing’ See: Why the stock market will struggle to rally until debt ceiling, bank woes are in rearview mirror “We’re going to have a more bifurcated market than we’ve ever had over the course of the next five to 10 years because the launch of large language models is going to create a productivity boom,” he said, comparing the advent of the AI revolution to the dawn of personal computers and the Internet.

Stocks should move even higher once the “Kabuki theater” of the debt-ceiling stalemate has been resolved, ushering in a brief “halcyon period” for financial assets. The S&P 500 is up more than 7% so far this year, according to FactSet data.

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Asian Stock Market: Solid Fed’s rate hike pause bets improve market sentiment, oil rebounds sharplyMarkets in the Asian domain are showing all-recovery strength as expectations for a pause in the policy-tightening spell by the Federal Reserve (Fed)
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