Paul Tudor Jones, the billionaire hedge fund manager and founder of Tudor Investment Corporation, has voiced significant concerns about the current state of the stock market.
In an interview with CNBC’s Squawk Box, Jones drew attention to escalating geopolitical risks and a deteriorating US fiscal position:
“It’s a really challenging time to want to be an equity investor and in U.S. stocks right now. You’ve got the geopolitical uncertainty… the United States is probably in its weakest fiscal position since certainly World War II with debt-to-GDP at 122%.”
Best known for predicting the 1987 stock market crash and profiting from it, Jones said that the Israel-Hamas war has created a “challenging” geopolitical environment. This, in turn, could create a significant risk-off environment that has the potential to drastically change the market landscape in the U.S.
He noted that he would personally wait for a resolution of the ongoing conflict before jumping into risk assets a
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