Paul Tudor Jones, the billionaire hedge fund legend known for calling the 1987 crash, is warning investors to prepare for a wild finish to the bull market. On CNBC’s “Squawk Box,” Jones said all the ingredients are in place for a “blow off” rally, but cautioned it could end “really, really bad.” History, he says, often rhymes, and today’s tech-heavy market shows striking parallels to the late 1990s dotcom surge.
- Track the tech-heavy QQQ here.
History Rhymes, But The Setup Is Different
Jones sees echoes of the late-1990s rally in today’s dramatic tech and AI stock gains. The difference this time? Fiscal and monetary policy. The U.S. is running a 6% budget deficit, which is already high compared …