Markets

The stock market has an ‘overflowing river of liquidity’ from the previous stimulus, the co-CIO of the worlds largest hedge fund says

Bridgewater’s Bob Prince told CNBC on Wednesday that the stock market is facing an “overflowing river of liquidity” from the combination of government spending to replace lost income and high rates of saving. The hedge fund’s co-chief investment officer said the US administration post election will only “re-route” the river […]
The stock market has an ‘overflowing river of liquidity’ from the previous stimulus, the co-CIO of the worlds largest hedge fund says
Markets

‘Now is a time to be cautious’: The world’s largest distressed-securities investor breaks down why an unstable economy leaves the market vulnerable to further shocks

Oaktree Capital Management high yield portfolio manager Madelaine Jones says economic recovery depends on when the pandemic is resolved. “Until fundamentals really do improve, conflicting economic data and political shocks could spark more market ructions,” she wrote Thursday. A large amount of company defaults in the future could be one […]
‘Now is a time to be cautious’: The world’s largest distressed-securities investor breaks down why an unstable economy leaves the market vulnerable to further shocks
Markets

Mohamed El-Erian warns that stocks could tank if the Fed’s liquidity ‘engine’ stops running, cites disconnect between prices and fundamentals

Economist Mohamed El-Erian says markets may falter as the Fed’s liquidity “engine” becomes less and less powerful, and as investors begin to challenge elevated valuations. “If that engine disappears, we have a long way between where asset prices are right now and where fundamentals will validate them,” he told Bloomberg […]
Mohamed El-Erian warns that stocks could tank if the Fed’s liquidity ‘engine’ stops running, cites disconnect between prices and fundamentals
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