Founder of hedge fund Citadel is concerned about the fiscal situation
Billionaire investor Ken Griffin, founder of U.S. hedge fund Citadel, said on Thursday that he has some doubts about the continuity of the markets rally and is concerned about the about the U.S. fiscal situation.
The S&P 500 stock index is up 16.8% this year, in a rally mainly driven by optimism around artificial intelligence. Still, he said it is unclear when Fed chair Jerome Powell will be able to cut rates because of some ongoing stimulus measures.
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