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'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

Business Insider Thursday, 13 September 2018
'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· 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. 

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News video: Trade War Fears Cancel Tech Boost, Flatten Wall Street

Trade War Fears Cancel Tech Boost, Flatten Wall Street 00:54

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...

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