The elites think we are stupid. They are in the main quite correct.
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Paul Tudor Jones Warns Of "Major Shift" That Will Have Serious "Consequences" For Markets
Last time Paul Tudor Jones made news on CNBC, the longtime macro manager proclaimed that the looming inflationary wave - still incipient at the time - would create serious ructions in both markets and the real economy. Fast forward a few months, and with the S&P 500 headed for what would be the longest losing streak of the COVID era, the network brought PTJ back for an interview ahead of Fed Chair Jerome Powell's nomination hearing. The former Tudor Investment chief said Tuesday morning that the trades that performed the best during the pandemic would likely soon tumbled back to earth. tweet Put another way: ... (full story)