(Newsmax) Billionaire investor Paul Tudor Jones reportedly predicts the stock market's wild ride will continue in 2019.
"It's really easy to say 'I'm really bullish' or 'I'm really bearish.' I kind of see a two-sided market," the founder of Tudor Investment recently told CNBC.
"I think we're going to see a lot more of what we just saw, which is a lot more volatility," he said.
"I think in the next year it will be, from where we are today ... at least 10 percent down and 10 percent up; maybe 15 percent either way from where we are right now," Jones said.
The S&P 500 fell to an eight-month low last week as Apple Inc, as well as financial and healthcare sectors led losses on mounting worries over global growth, the U.S.-China trade war and uncertainty over Britain’s exit from the European Union.
Markets have been dogged by signs of cooling global growth, concerns over interest rates and worries that escalating tensions between the United States and China could scuttle a fragile trade truce.
“You have political tensions with China, the potential for slowing global growth, and other geopolitical tensions, that continue to weigh on the markets,” Charlie Ripley, senior investment strategist for Allianz Investment Management, told Reuters.
