Hedge fund manager Kyle Bass: I'm surprised at size of market bounce given the terrible economy

  • 📰 CNBC
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

'The Fed has come in and done everything that it possibly could and then some,' the Hayman Capital founder added.

has gained more than 30% since its March 23 low of $2,191. The index sits about 15% off its all-time high of $3,393 on Feb. 19, which was reached before the economic shock from the Covid-19 outbreak unsettled financial markets across the globe.and then some since the Great Recession as state stay-at-home orders and nonessential business closures were implemented to help slow the spread of the virus.

Bass said he believes the "economic and financial realities" brought about by the coronavirus are larger than what is reflected in the stock market. "We're going to have a very long grind here, trying to get these people back to work."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

He should Short it. That’s what Man with Balls do!

he seems never right

Why? China has been bleeding money till Nov 2019. Then it started 2 hemorrhage money. Investors looking 4 a safe place 4$ while the world gets hit by a Pandemic. EU? No way, that's kind of a mess. USA? They have lots of $$. Nice banks. Sold.

Yes, seems to be well ahead of itself .

The stock market is only a function of the companies but also the alternatives..bonds too rich....liquidity very high...international? No way..Real estate. Not yet. ..collectibles? Not likely. US stocks are where money should be invested.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

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

AI hedge fund Castle Ridge March performance, quant outlook - Business InsiderThe CEO of an AI-powered hedge fund that gained as other computer-driven strategies melted down explains why tried-and-true quant models have become irrelevant
Source: BusinessInsider - 🏆 729. / 51 Read more »