Tepper, who runs one of the most successful actively managed investment fund - Appaloosa Management, said there are not many things that can affect profits, pointing to Trump's to eliminate regulations on Wall Street, as part of the basic catalyst behind rising to records of Dow Jones, S & P500 and Nasdaq in recent months.
Tepper said equity valuations may be pricey presently, but said a better economic environment across the globe has provided stock-market benchmarks purchase to climb higher.
As for the FED, Tepper said the US central bank, managed by Janet Yellen could be facing a high risk of inflation. The expectations are FED to raise rates at its next meeting.
He closely monitored and elections in France, as investors fear of a possible victory of the candidate MarinePrincess Le Pen, and pull France out of the eurozone.
Source: Market Watch
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