Billionaire David Tepper Is ‘Leaning Short’ As Central Banks Hike Interest Rates: Why He Says ‘Don’t Ignore’ The Signs – SPDR S&P 500 (ARCA:SPY)
As central banks around the world continued to send hawkish signals, David Tepper, founder and president of Appaloosa Management, was tilting bearish. What Happened: Tepper didn’t expect the Federal Reserve to veer from its course…