A hedge fund chief who oversees $1.7 billion unloads on the ‘lockdown traders’ who helped push stock valuations to historically absurd levels — and warns a drop of at least 60% is on the cards
Mark Yusko doesn’t beat around the bush when talking about his market outlook.
Stocks are due for a 60% pullback or more to reach what would be considered fair value levels by historical standards, the hedge fund chief said in a May 20th episode of his market commentary show.
“I’m not saying that has to happen tomorrow,” said Yusko, the founder of Morgan Creek Capital. “But you don’t see anything in either one of those charts where you get a peak and then plateau,” Yusko said. “It’s coming.” His…
