The S&P 500 would need to reach or exceed 3,700 in the second half of the year to show a pattern that’s consistent with prior market bubbles.
The decision underscores the conclusion of a nine-year run for one of the hedge fund business’s most celebrated newcomers with Blackstone's blessing.
Trump then repeated criticisms of the Fed, complaining that U.S. interest rates and the dollar are too high while voicing fondness for negative rates.
Jensen also told the paper he believed the Fed would let inflation run hot for a while, creating the circumstances for higher gold prices ahead.