Assessment: “I think we’re in one of those very difficult periods where simple capital preservation is I think the most important thing we can strive for,” Jones said
Billionaire hedge fund manager Paul Tudor Jones said the environment for investors is worse than ever as the Federal Reserve is raising interest rates when financial conditions have already become increasingly tight.
“You can’t think of a worse environment than where we are right now for financial assets,” Jones said Tuesday on CNBC’s “Squawk Box.” “Clearly you don’t want to own bonds and stocks.”
“ For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.” 1 Timothy 6:10
The Fed is expected to announce a half-percentage point increase in its benchmark interest rate on Wednesday, to tamp down surging inflation at a 40-year high.
The founder and chief investment officer of Tudor Investment believes investors are now in “uncharted territory”
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