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David Tepper doesn't think stocks are a great investment here, but says it all depends on rates
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cnbc.comHedge fund manager David Tepper has turned somewhat bearish on the stock market, citing uncertainties around interest rates and inflation.
«I don't think it's a great investment right year,» Tepper said Friday on CNBC's «Halftime Report.» «I just don't know how interest rates are going to behave next year… I don't think there's any great asset classes right now… I don't love stocks. I don't love bonds. I don't love junk bonds.»
The Federal Reserve has been keeping its benchmark short-term interest rate anchored near zero since the start of the pandemic. In recent weeks, officials have indicated they are ready to start tapering the monthly asset purchases, possibly starting in November.
Many believe that rising inflation, which is running at
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