Stock Market Crash: Hedge Fund Manager Warns Of "meaningful Weakness"

by businessinsider.com posted 5months ago 30 views
Summary List PlacementFor now, Mark Yusko likes where the stock market is sitting. Don't mistake that to mean he's bullish on its fundamentals. For the most part, at least, he isn't. Rather, it's simply difficult for the Morgan Creek Capital hedge fund manager, who oversees $1.7 billion in assets, to be bearish in a system flush with cash amid sizable fiscal and monetary stimulus. But it's a dangerous road to go down. The high levels of liquidity in markets are inflating stock valuations, he said, and put the market at risk of a steep pullback.

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