Leon Cooperman says ‘too rich’ stocks to go down, and long-term rates could go higher this year

Leon Cooperman says 'too rich' stocks to go down, and long-term rates could go higher this year

Key Points

  • The chair and CEO of the Omega Family Office said investors have been too optimistic about the number of rate cuts the Federal Reserve will enact this year.
  • Cooperman pointed out that the S&P 500 is now trading at 21 times forward earnings, which seems unsustainable.

admin