Billionaire Paul Tudor Jones says he believes this year’s major market rally will continue into year-end.
In a new interview with CNBC, the hedge fund manager likens the AI boom it to 1999’s tech bubble.
“It’s like the Prince song. It’s 1999. Party like it’s 1999, right?”
Despite the comparison Jones says aggressive fiscal and monetary policies will likely continue to be uniquely explosive drivers this time around, especially for scarce assets like Bitcoin and gold.
“That fiscal monetary combination is a brew that we haven’t seen since… the post-war period… I’d want to have a combination of gold, crypto, probably the Nasdaq.”
Although Jones remains cautious on massive sovereign debt bubbles and AI’s dual impacts, he also sees year-end rallies in AI-related assets.
If the current setup were to echo late 1999 – that’s a trajectory that saw the Nasdaq double from October to March of 2000.
If something like that repeats, Jones warns traders to be ready for quick exits amid a possible “really bad end.”
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