Legendary investor George Soros says the stock market is trapped in a Fed-fueled liquidity bubble

Reuters

  • The stock market’s rally is trapped in a Federal Reserve-formed liquidity bubble, billionaire investor George Soros said in an interview with Italian publication La Repubblica.
  • Valuations rest on hopes for a second fiscal stimulus bill and President Trump announcing a coronavirus vaccine before election day, Soros added.
  • The legendary investor advised investors to assume fallibility and reflexivity in markets, as participants’ worldviews “are always incomplete an…

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