'It's a late-innings game:' Hedge fund billionaire David Tepper says he’s dumped some stocks, and warns of a bear market if Trump's trade war worsens
Thursday, 13 September 2018 · David Tepper, the co-founder of Appaloosa Management, said Thursday he had reduced his holdings of US stocks.
· "I think it's a late-innings game," he told CNBC of the bull market.
· Tepper said that worsened trade relations between the US and China could cause a 5% to 20% decline in the stock market.
According to Reuters, the US stock market experienced little change this week. Stocks were level on Tuesday, as gains in tech futures helped Nasdaq regain footing. These gains helped stem losses in other sectors sparked by fears of trade war escalation. President Donald Trump recently threatened...
Investors, here's what you need to know about the midterms and your portfolio. Jim Cramer breaks down what he's looking at when it comes to the midterms, and here's a hint: a possible tech rally is in..
SYDNEY (Reuters) - Asian stocks skidded on Monday as fears of faster rate hikes in the United States and uncertainty around the Sino-U.S. trade war deterred investment in riskier assets, while sterling..
Investors shouldn't get too comfortable with the market just yet. Jim Cramer says that the market is due for a down day after being up the past two days. The founder of TheStreet took a glance at the..