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David Tepper: 'The stock market is still fine' after Fed announcements

CNBC Television · 2021-06-17 · 유튜브 시청 44,772 · Board Views 4 · International

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so the fed kind of surprised us you earlier this morning just a few moments ago said you think that fed chairman jay powell is great that he did a great job yeah you said you were on an island you felt like you were on an island by yourself now i can tell you you are not because there's no single person who has joined me in the idea that pal knows what he's doing okay i spoke with david tepper smart guys ago right before we came on the air he thinks the fed did a good job yesterday that's what he told me he thinks he thinks he did a good job that they show they're not asleep at the wheel and by the way he also said i think this is a direct way i think the stock market is still fine for now okay can i just explain who dave temper is date temper who taught me uh how to trade junk ponds dave tepper is the only one of the people who comes on air actually running money billions of dollars and admits if he's wrong but has been so far more right than wrong he even predicted the pandemic down to the day this guy is game how did you get that that's fantastic he thinks what they did was smart that it's still a highly accommodative fed then there you go right we're still we're talking so many likes the banks didn't give you because he usually actually has ideas or the s p we didn't go there why not let's get him if you want to talk s p i mean he said i think the stock market is still fine i mean that sort of tells you what he thinks about the s p i suppose at least for the time being 2023 is when they're going to hike rates maybe twice okay what year is it now it's 2021 right yeah all right so 2023 still awaits a double check it's still an accommodative a very accommodative fed he said what people should be saying accommodate a fed if things get really hot we'll do something pragmatic guy has done a good job one of the things that dave tepper has liked about the fed chief is that he thinks he's smart and good and deserves the benefit of the doubt and you know what tepper is no nonsense he doesn't come on here with an ideological approach he is not about preserving his wealth he's about making money and i like that he's the most he is the most approachable billionaire in america today he didn't think that they were going to taper they didn't he thinks they probably will later in the year and you know what he also thinks if they do that that it's good because it means the economy is in a really good spot that they'd actually be able to let's buy them let's buy let's buy it we should be buying that's what's going to happen that's going to turn the futures around well well you see that i asked him a question once after he gave me the rap i said what do you think about playing christian mccarthy this weekend he said i don't even know what you're talking about he owns the by the way he owns the panthers right but when it comes to money there is no better when i was sick and i had the back problem called me what's going on holy cow the guy was so gay he's like how's your back let me tell you how i feel about the market like i was wanting to kind of tell them this guy is different from all the people who came on air in the last 24 hours who are talking about spots and dots which is of course i aced at harvard a he real it's an art class he really just basically said one thing when he says these things ignore everyone else because they're just speaking ideological and go with temper you said yesterday at the top of mad money which i listened to powell was being prudent that's the word you used yeah you said investors should quote stay the course yes buy stocks that would do well in a low rate environment yes and the inflation hawks have no credibility that's exactly what chapter is saying how did you get temper i tried to get tevra that just worked out this time i'd temper sometimes you get it i think it's because of the six you don't he knows i'm a loser he's not gonna call some guy who's a loser that is fantastic get and what it does is put it puts everybody else on notice that the guy who's a trigger puller who has billions of dollars who would be quick to say pal is really doing a bad job is giving us him the green light and he's giving people at home the green light and that is the best get that i've heard since 2 30 or whenever when they were heckling him you know mr chairman let me ask the same question for the 40th time if you don't mind well let's not also act though that the fed didn't do anything yesterday right they did something that was a bit of a surprise to the market no it shouldn't have been a surprise i mean we got you know i got the albertson's ceo on everything you know there's inflation we got a lot of stimulus maybe too much stimulus for some but pal acknowledged that he's going to wait and see what's past supposed to do come into point come into the uh conference with in an 18-wheeler and says if we could get more drivers but the price of the inflation would go lower no he's a practical man and so is tepper and that tells me that people should be buying not selling

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