by winston » Tue Dec 05, 2023 8:12 am
Bill Ackman: The Fed will pivot to cuts in 2024 and it needs to be done ASAP
“I think the market expects sometime middle of next year. I think it’s more likely as early as Q1 [first quarter]” …
Ackman believes a weakening economy will “likely demand an earlier move…we’re seeing evidence of that in some of our companies…I have some concerns,” he said…
Ackman explained that the Fed sticking to the mid 5% range on rates, with inflation trending below 3%, will mean a “very high real rate of interest.”
Source: Market Watch
It's all about "how much you made when you were right" & "how little you lost when you were wrong"