FWIW, Tudor's fund has been performing poorly the past few years, AUM been halved from a few years ago.
That headline misconstrues the actual cryptic message in that article from PTJ.... For anyone that can see the forest for the trees... -`87 -`89 Japan -`99 - Fed should be 150 basis points higher. - I can't remember the last time I've been this light - Diminished Risk Reward at current levels - forcing the Fed to shut it off. "It's an old story, we'll probably play it again." PTJ is powerful & highly influential.. always having to be careful of statements... does not want to be accused of the B word... but Its comical how one can pull a bullish overtone from this article .. he`s basically telling the reader that it ends in a blood bath. I see it exactly the way he does.
%% I see your points,ST2. I also have a bias in liking PTJ for his Jack Schwager [book] interview.He also said last year would be like 1999.......Not close to 1999@ all. Well that goes to show/prove to us we cant predict. I also like the way he [ PTJ] noted; he liked Rich Dennis interview ; Rich Dennis noted ,do your own research. Frankly its still a bull market, but real late in the year, as far as historical gains. NOT a prediction.
%% But that's still much better than average; counting his 5 years up 100% per year [rounded up to nearest 1 %] Besides he is right, i assume he still does S&P 500 SIF; SPY cash is still down. QQQ+ tech stocks are still in a good uptrend, but SPY sell volume is bigger than buy volume[meaning buy price + volume are weaker, in SPY] So really, he MOST LIKELY caught top, in SIF; i wouldnt try to catch a top that small in QQQ........ Normal vol is most likely more severe than last YEAR, not just because of FEB sell off , but normal market moves