Submitted by Taps Coogan on the 27th of March 2020 to The Sounding Line.

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Paul Tudor Jones, founder of Tudor Investment Corp and the man who famously predicted the 1987 ‘Black Monday’ stock market crash, recently spoke to CNBC about his cautiously optimistic outlook for markets over the coming months. He warns that while markets may re-test the lows as the outbreak peaks in the coming weeks, they are more likely to be higher in three to five months than lower.

Some excerpts from Paul Tudor Jones:

“One of the reasons that the market is up right now is because of all of the month end re-balancing that the market is front running. It sees the fact that there are going to be a lot of equities to buy… My guess is that we will stay firm into month end, and then we are going to be challenged in April. We are going to be challenged as we go through the epicenter, the peak of the epidemic curve. That could bring us to a re-test (of the lows). It might even bring us to a fractional new low. But I do think the stock market is going to find a bottom. Once we get a peak in the epidemic curve, no doubt in my mind the stock market will rally, and it should rally… My guess is that we will be higher three or four months from now, five months from now, than lower than we are right now.”

“What happens after that is highly dependent upon our ability to get back to work, our ability to resume normal functioning…”

There is more to the interview, so enjoy it above.

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