The background should be relieved to many investors: A lively bullish market, a pro business policy promised by the Trump administration, and a federal preparation system near soft landing. But the biggest name of Wall Street is not bullish for the next year. Hedge fund Titan and industry professionals held at alternative investment meetings held in Miami this week gather cautious tones on the rise in market evaluation and the potentially negative effects of President Donald Trump’s protection. I did it. POINT72’s Steve Cohen stated that tariffs and immigrants would blame inflation pressure and would hinder consumer spending. Therefore, the owner of the Family Office Head and Mets hopes that a wider market will be bumpy, especially in the second half of the year. “I don’t think it’s a great background in 2025,” Koen said in Iconnections Global Alts Conference, called hedge foundation. “We expect the market to be the top in the coming months. If it is not the top yet, I think the second half is a bit tough.” S & P 500 gained more than 20 % of the year gain two times in a row. The increase of 53 % in two years has been the best since the rally of nearly 66 % in 1997 and 1998. But investors enjoyed violent volatility this week. Early this week, a competitor of artificial intelligence has caused a large -scale sale under the NVIDIA and other mega cup technical names this week. Karen Karniol-Tambour, the highest investment in charge of BridgeWater, states that it is currently a neutral view of the market because it has grown higher than expected and has a more high-temperature duality than expected inflation. Ta. “It’s not the best time to get close and take a lot of risk,” she said. “You are a margin, you are more likely to be stronger than the powerful growth and expected inflation environment, but it can change quickly. From the macro environment, we are the world’s largest hedge fund. Karniol-Tambour, which supports management, added that the biggest opportunity in the public market is to reconstruct fixed income assignments. HOWARD MARKS of .spx 1y Mountain S & P 500 Oaktree Capital has already appeared in Bubble Watch, but this week’s NVIDIA episode shows “the spread of psychology and the short -term market irrationality”. Ta. Marks, a famous and respected investor who predicts the dot-com bubble, stated that high-yield credit could be useful as an attractive alternative to shares. “Isn’t it good if you can sign a single -digit return from S & P 500, if you can contract 7.3 % from high -yield bonds?” “Everyone needs to see his own shares and make sure that they own what they owns based on the strong and improved foundation.”
