📉Cooperman believes that the market is currently overvalued and expects a potential downturn by the end of the year.
💲He predicts that the Federal Reserve will cut short rates two to three times, but expects the long end of the yield curve to rise.
📈Cooperman points out that the ten-year government bond yield is higher than GDP growth. He believes that the cost of borrowing will be higher than expected.
💰He expresses concerns about the amount of debt being created in the system and states that he wouldn't be a buyer of government bonds at these levels.
🌍Cooperman discusses the impact of inflation on the economy and cautions that the market may not be fully pricing in the potential risks.