Paul Tudor Jones says inflation could be worse than feared The founder and chief investment officer of Tudor Investment Corp. said that it's time to double down on inflation hedges including commodities and Treasury inflation-protected securities, and that investors should avoid fixed income in this inflationary and low-rate environment. "You don't want to own fixed income," Jones said. "You do not want to hold that whatsoever because what they're saying, what they're telling you by their actions, is that they're going to be slow and late to fight inflation and somewhere down the road, somebody will have to come in ... and put the hammer down." Still, the legendary investor didn't sound too dire about stocks, saying they could be a decent bet amid persistent inflation. Jones said if the Fed moves to address inflation, it could compress equity multiples. "Equities are interesting. Certainly in an inflationary world, they are a much better bet than fixed income," Jones said.
I can only say "No shit Sherlock." The question is just where can we find another Paul Volcker? I don't think there is anyone out there with the hatchet. They're all pussies.
%% Good points, hammer down, fixed income; except stocks are not a bet. Metals are trending well as he implied, but i seldom do much copper or brass or steel. I did clean out most[not all/LOL]of brass empty shells .223, 38, 30-06...... when spot wholesale price jumped from $00.40 to $1.25 in a few weeks. Its much more @retail. People have done 60% stocks\40% bonds so long; should help stocks more + more inverse bond ETFs coming into market.....