Paul Tudor Jones: stockmarket could go "crazy"

Hedge fund manager Paul Tudor Jones, who predicted the October 1987 crash, believes the stockmarket will rally later this year, even in the face of tightening monetary policy.

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Paul Tudor Jones, founder of Tudor Investment Corporation

Hedge fund manager Paul Tudor Jones, who predicted the October 1987 crash, believes the stockmarket will rally later this year, even in the face of tightening monetary policy. "I think we'll see rates move significantly higher beginning some time late third quarter, early fourth quarter," Jones told CNBC, but "the stockmarket also has the ability to go a lot higher at the end of the year... I can see things getting crazy, particularly at year-end after the mid-term elections... to the upside." The move higher, however, will not be sustainable eventually, rising inflation and interest rates will lead to a recession.

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Alice grew up in Stockholm and studied at the University of the Arts London, where she gained a first-class BA in Journalism. She has written for several publications in Stockholm and London, and joined MoneyWeek in 2017.