Billionaire David Tepper feels ‘miserable’ about stocks, but won’t ‘fight the Fed’
1. David Tepper feels positive yet conflicted about market gains this year. 2. S&P 500 rose 13% this year, reaching record highs in September. 3. Tepper expects two more Fed rate cuts amid decent economic performance. 4. He warns of challenges exiting positions in a tightening liquidity environment. 5. Housing sector optimism rises due to potential Fed policy changes.