New York (HedgeCo.net) \u2013 With so much attention being paid to the Fed and when the process of raising rates might start, it doesn\u2019t hurt to hear from a well-respected hedge fund manager. Omega Advisors CEO Leon Cooperman recently offered his opinion on what he thinks will happen during an interview with FOX Business Network.<\/p>\n
\u201cWe have a Fed that has been very reluctant to do much of anything, I find it interesting this fixation [on when the Fed will tighten], the reality is \u2026 over the last 8 market cycles when the Fed began tightening, the stock market did not peak after the first Fed tightening for 30 months on average, and the shortest period of time was 10 months. On average, the market was about 10 percent higher one year after the first Fed tightening \u2026 The market already understands rates should be higher,\u201d he said.<\/p>\n
Cooperman also stated that he thinks the market as a whole is fairly valued and not overvalued, stating \u201cI think if the market went say, quickly up another 10 percent or so I might get nervous but I think the markets in a zone of fair valuation. It\u2019s correctly assessing the outlook\u2026I\u2019m not nervous.\u201d<\/p>\n
Rick Pendergraft
\nResearch Analyst
\nHedgeCoVest<\/p>\n","protected":false},"excerpt":{"rendered":"
New York (HedgeCo.net) \u2013 With so much attention being paid to the Fed and when the process of raising rates might start, it doesn\u2019t hurt to hear from a well-respected hedge fund manager. Omega Advisors CEO Leon Cooperman recently offered […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16044,919,16,3,16048],"tags":[],"class_list":["post-48892","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-strategies-2","category-hedge-fund-research","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/48892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=48892"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/48892\/revisions"}],"predecessor-version":[{"id":48893,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/48892\/revisions\/48893"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=48892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=48892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=48892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}