Steve Eisman says he’s taking a wait-and-see approach to the stock market right now.

In a new interview with CNBC, the famous investor notes he’s dialed down the risk in his personal portfolio.

“I’m waiting. I think we’re going to have volatility for quite a while. The Trump Administration has set up a situation where they’re going to be negotiating with multiple countries on multiple issues. It’s not going to take a couple of weeks, it’s going to take a few months, so I think, for the time being, volatility’s going to be here for a while.”

Eisman, who’s known primarily for betting against the housing market prior to the American subprime mortgage crisis, says stocks like Nvidia (NVDA) and Apollo Global Management (APO) have “strong long-term fundamentals” and are primed to make investors money over multi-year timeframes, though he’s less certain about the shorter term.

“I would not even hazard a guess as to what any stock will do over the next few months, simply because we’re in the type of market where… there’s only one variable that matters, and right now the variable that matters is the president of the United States, and I can’t handicap that right now.”

In terms of NVIDIA specifically, the famed investor says it’s only “the early innings of the AI revolution,” and he predicts the tech giant still has room to grow.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post ‘Big Short’ Investor Steve Eisman Derisks, Says Stock Market Volatility Will Be Here for a While appeared first on The Daily Hodl.

Steve Eisman says he’s taking a wait-and-see approach to the stock market right now.

In a new interview with CNBC, the famous investor notes he’s dialed down the risk in his personal portfolio.

“I’m waiting. I think we’re going to have volatility for quite a while. The Trump Administration has set up a situation where they’re going to be negotiating with multiple countries on multiple issues. It’s not going to take a couple of weeks, it’s going to take a few months, so I think, for the time being, volatility’s going to be here for a while.”

Eisman, who’s known primarily for betting against the housing market prior to the American subprime mortgage crisis, says stocks like Nvidia (NVDA) and Apollo Global Management (APO) have “strong long-term fundamentals” and are primed to make investors money over multi-year timeframes, though he’s less certain about the shorter term.

“I would not even hazard a guess as to what any stock will do over the next few months, simply because we’re in the type of market where… there’s only one variable that matters, and right now the variable that matters is the president of the United States, and I can’t handicap that right now.”

In terms of NVIDIA specifically, the famed investor says it’s only “the early innings of the AI revolution,” and he predicts the tech giant still has room to grow.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post ‘Big Short’ Investor Steve Eisman Derisks, Says Stock Market Volatility Will Be Here for a While appeared first on The Daily Hodl.