- Stocks closed at record highs last week as vaccinations continued.
- But hedge fund manager Mark Yusko is worried about steep valuations.
- He told Insider that a surge in inflation later this year could sink stock prices.
For now, Mark Yusko likes where the stock market is sitting.
Don’t mistake that to mean he’s bullish on its fundamentals. For the most part, at least, he isn’t.
Rather, it’s simply difficult for the Morgan Creek Capital hedge fund manager, who oversees $1.7 billion in assets, to be bearish in a system flush with cash amid sizable fiscal and monetary stimulus.
Word abonnee van Business Insider