David Tepper: You’re in the QT era
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Billionaire hedge fund manager and owner of the Carolina Panthers of the NFL, David Tepper, told CNBC how he currently sees the stock market.
âItâs not that complicated right now,â he told CNBCâs Scott Wapner on Friday. âYou're just not in QE (quantitative easing) times anymore. You're in the QT (quantitative tightening) era. It's a higher rate environment. can't be the same multiples as before. It's not bad. It's just a different environment.â
Tepper also said he did not sell anything in his portfolio, but he made a new investment: 6% interest on a certificate of deposit for six months.
With Appaloosa Management hedge fund, he continues to own nearly $13B of stakes, including 1.02M shares of Nvidia Corporation (NVDA), valued at $431.48M; 1.5M shares of Meta Platforms Inc. (META), valued at $431.19M; and 1.24M shares of Microsoft Corp (MSFT), valued at $422.27M, among others.
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