Tepper assessed the market as cheap rather than expensive at the start of the year, with no inflation present.
“There's no inflation. The market coming into this year doesn't look rich; in fact, it looks almost as cheap as coming into last year.”
Tepper warns that easing beyond two or three cuts risks a weaker dollar and higher inflation.
“Beyond that, I think it can, you know, then you're really risking a lot of things. A weaker dollar, more inflation, and those sort of things.”