market

“If those tax cuts go away, you have to assume that will be a headwind, at least in the short term for the markets.”

“But remember, historically, rate cuts that are preceding a recession or fears about a recession are oftentimes sold, right? It doesn't cause the market to go up. It actually causes the market to go down.”

“And I really think that it's this inflation and higher rates Combined with higher valuations that could put a damper on at least the market in the first part of this year.”

“And that's why I think you're not going to see tremendous flows into the market over the course of the next 60 days, because I think a lot of market participants are going to wait, right?”

“Markets are now down 15% during this period since, ah, quote unquote, liberation day on April second.”

“I said at the end of January, early February, when you and I did the pot, I said, we've taken down our units of risk because there's just more uncertainty in the world. Discount rates need to come up. Multiples are coming down. And we did. And I would say over…”

“The market, which was down 20% for the year, has now bounced 20% in the last 20 trading days.”

“In the absence of that, you get a four trillion dollar tax increase and markets go a lot lower.”