Paul Tudor Jones, a billionaire hedge fund manager, said that the environment for investors is worse than ever because of the Federal Reserve raising interest rates.
You can't think of a worse environment for financial assets than we are right now.
A half-percentage point increase in the Fed's benchmark interest rate is expected on Wednesday.
According to the founder and chief investment officer of Tudor Investment Corp., investors are now incharted territory because of the central bank's easing of monetary policy during previous economic downturns. Capital preservation should be the top priority for investors in a challenging environment.
I think the most important thing we can strive for is capital preservation.
Many on Wall Street are worried that the central bank could tip the economy into a recession if it tightens too much.
They're going to be clashing all the time because of inflation and slowing growth.
The long time trader said he would consider owning trend-following strategies, which often use computer models to identify price trends in markets.
If someone put a gun to my head, I would use simple trend-following strategies. They will probably do well over the next few years.
Jones shot to fame after he predicted and profited from the 1987 stock market crash.
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