Why one hedge-fund titan is bracing for ‘all hell to break loose’ in the stock market
Skeptics of Wall Street’s recent rally, which has been borne on the hope of pro-growth promises from Trump coming to into full view sooner than later, predict that an inevitable failure of the president to make good on his policy promises could jolt markets violently lower.
Singer is among those fearing that very scenario. He is betting that an economic recession may be on the horizon and believes that, with interest rates already near ultralow levels, the Federal Reserve won’t be able to provide a sufficient quantitative-easing cushion, as it did during the 2008-’09 financial crisis.