According to PANews, renowned Wall Street investor and founder of Tudor Investment, Paul Tudor Jones, predicts that the U.S. stock market is on the brink of a significant surge, marking the end phase of a bull market. He plans to hold gold, cryptocurrencies, and Nasdaq tech stocks by the end of the year to capitalize on the factors driving the market's rise.
Jones believes that all conditions necessary for a rapid market increase are in place, potentially leading to a more explosive scenario than the dot-com bubble of 1999. He describes the current bull market as enticing yet risky, with the largest gains typically occurring in the 12 months before reaching a peak. However, he advises that participants must remain agile, as the outcome could be severe.
He does not foresee the market peaking in the short term but anticipates a "speculative frenzy" driven by retail investors and funds operating both long and short positions. This surge will require increased retail buying and more capital inflow to push stock prices to their ultimate highs.