Tepper says he is leaning short on bonds despite being generally an optimist by nature.
“But for me as a hedge fund manager, I'm going to lean short. You know, I'll be short bonds and I'm not a great, I'm like generally an optimist.”
Tepper says junk spreads down 150 basis points since fall peak, which doesn't help Fed's tightening goals.
“Junk spreads down 150 basis points since their peak in early October, late September. That doesn't really do a lot for you if you're the fed.”