Peter Kraus Wary Of A 15% Correction Ahead The Wealth Advisor Contributor February 7, 2021 (Bloomberg) Wall Street veteran Peter Kraus said that investors shouldn’t be caught off guard by a market correction because some equities have been pushed into bubble territory, and many catalysts for expansion have already been factored in. “You’ve got to pay attention to those bubbles, and the market could easily have a consolidation of 10% to 15% and nobody should be surprised,” the Aperture Investors founder said Friday in a Bloomberg Television interview. Though many investors believe U.S. President Joe Biden will push through a large relief package, “a lot of the stimulus is already in the price.” Kraus joins those sounding an alarm about bubbles after retail investors pushed up stocks such as GameStop Corp. and AMC Entertainment Holdings Inc., creating volatility among various equities. The former co-head of Goldman Sachs Group Inc.’s asset-management arm and chief executive officer of AllianceBernstein Holding LP, Kraus formed his new firm more than two years ago, and his comments came as equities have hit new highs. He also renewed a warning about inflation. “The amount of stimulus that the U.S. government is going to actually put into the economy is likely to be north of $5 trillion. The Fed’s balance sheet has doubled,” he said. “That all can’t happen without affecting inflation. And as inflation rises, real rates could actually turn positive, and that will be an impact on those stocks that are overvalued.” Please enable JavaScript to view the comments powered by Disqus. Popular Companies Warren Buffett Is Retiring — Here's What His Favorite Indicator Reveals About The Stock Market FundFocus Wharton's Jeremy Siegel Flags Three Near-Term Bumps For 2026 But Maintains Positive Outlook: Report The Trust Advisor Late Billionaire Tax Cheat Robert Brockman’s Heirs Agree To Pay $750M To IRS In Epic Fraud Case Companies Be A Good Person And Buy Boring Stocks: Wall Street Reflects On Warren Buffett's Wisdom FundFocus Every Wall Street Analyst Now Predicts A Stock Rally In 2026
Companies Warren Buffett Is Retiring — Here's What His Favorite Indicator Reveals About The Stock Market
FundFocus Wharton's Jeremy Siegel Flags Three Near-Term Bumps For 2026 But Maintains Positive Outlook: Report
The Trust Advisor Late Billionaire Tax Cheat Robert Brockman’s Heirs Agree To Pay $750M To IRS In Epic Fraud Case
Practice Management Middle Managers Are Getting Laid Off—But Their Role Is ‘More Important Than Ever,’ Says Leadership Expert As middle management jobs shrink, workplace experts say executives may be underestimating just how crucial these roles are to their companies.
Washington Wire Trump Says He Still Might Fire Powell As Fed Chair Pick Looms Trump Says He Still Might Fire Powell as Fed Chair Pick Looms
Companies Warren Buffett Is Retiring — Here's What His Favorite Indicator Reveals About The Stock Market
FundFocus Wharton's Jeremy Siegel Flags Three Near-Term Bumps For 2026 But Maintains Positive Outlook: Report
The Trust Advisor Late Billionaire Tax Cheat Robert Brockman’s Heirs Agree To Pay $750M To IRS In Epic Fraud Case