November 17, 2021

Stock market ‘still fine for now,’ says billionaire David Tepper after Fed’s hawkish shift

‘I think the stock market is still fine for now.’

— David Tepper, founder and president of Appaloosa Management

Hedge-fund legend David Tepper isn’t sweating the change in tone by the Federal Reserve at its June policy meeting, offering reassurance in remarks to CNBC on Thursday morning. Tepper, the founder of Appaloosa Management, has one of the strongest track records among active investors, and his remarks often move markets

Investors overall also appeared to be taking the changes,…

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