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Tepper stays bullish on stocks, bearish on fixed income

Feb. 27, 2017 12:51 PM ETAGG, JMM, BND, PTY, BTZ, BHK, PCM, RCS, ICB, JHI, TAI-OLD, SCHZ, BOND, DBL, FBND, INC-OLD, SPABBy: Stephen Alpher, SA News Editor3 Comments
  • "Why are stocks and bonds acting differently," asks David Tepper in an email to CNBC. "It's as if they're reacting to two different economies ... Could be there's too much monetary policy still around the globe? Reaction in markets suggests it's affecting the bond market more."
  • "Still long stocks. Still short bonds."
  • Tepper's comments come following Warren Buffett's CNBC appearance this morning in which he said stocks were cheap and one ought to have their head examined if buying long-dated government paper.
  • Both of their comments come following a weekend WSJ story about how what's nearly an entire generation of ultra-low interest rates and QE have failed to ignite inflation or bond yields in that country.
  • ETFs: AGG, BND, BOND, PTY, RCS, DBL, BTZ, SCHZ, PCM, JHI, BHK, BNDS, JMM, TAI, INC, ICB, FBND

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