In his latest interview on CNBC, David Tepper says there are no great asset classes right now. Here’s an excerpt from the interview:
I don’t think there’s any great asset classes right now. There’s people on your show talk about the risk of inflation and the question is what the Fed’s doing I guess. How pretty much the city is going to taper today um you know online when people expect it.
The question is when will they raise interest rates and where really what is the underlying inflation. How much is endemic in the… becoming endemic inside the economy, and that’s really what we’re dealing with right now.
So I mean if you go down different asset classes. Stocks, I don’t love stocks. I don’t love bonds. I don’t love junk bonds. I don’t like…it’s a question, what’s the best looking you know investment versus other investments where nothing looks that great!
You can watch the entire discussion here:
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