Paul Tudor Jones speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020.
Adam Galica | CNBC
Billionaire hedge fund manager Paul Tudor Jones said Tuesday it’s extremely tough to be an investor in risk assets amid escalating geopolitical tensions and the dire fiscal position in the U.S.
“It’s a really challenging time to want to be an equity investor and in U.S. stocks right now,” Jones said on CNBC’s “Squawk Box.” “You’ve got the geopolitical uncertainty… the United States is probably in its weakest fiscal position since certainly World War II with debt-to-GDP at 122%.”
The high-profile investor said the Israel-Hamas war brought on the most threatening and challenging geopolitical environment, which would create a significant risk-off market environment. Meanwhile, a surge in interest rates has deteriorated the fiscal health of the U.S. as the country continues to take on m