Paul Tudor Jones says stocks could retest lows as virus peaks, but will be higher in 3 to 5 months
Paul Tudor Jones speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020.
Adam Galica | CNBC
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Hedge fund manager Paul Tudor Jones, founder of Tudor Investment and JUST Capital, thinks the market could be higher as soon as three months from now despite what he sees as a turbulent month ahead.
“My guess is one of the reasons the market’s up right now is because of all the month-end rebalancing. The market’s front-running, it sees the fact that there are going to be a lot of equities to buy,” Jones told CNBC’s “Squawk Box” on Thursday. “That’s one reason my guess is we’ll stay firm into month-end and then we’ll be challenged in April,” as the market digests a peak level of coronavirus cases.
“I think that could bring us …continued .
[Source: CNBC News]