Kyle Bass says there’s no chance the US stock market will go up this year
Dow Jones / Market Watch spoke on Thursday US time. On the Fed and equities:
“With interest rates along with quantitative tightening, there’s no way the stock market will go up this year – it’s probably going down quite aggressively, if they stick to this plan.”
“I think they’re going to have to give up on this plan once they start walking.”
Says the piece (link here (can be blocked)):
- Bass sees the market facing significant challenges and doubts that the central bank will have the conviction to substantially raise rates without falling in the markets.