PANews reported on October 7th that legendary Wall Street investor and founder of Tudor Investment, Paul Tudor Jones, believes the US stock market is on the verge of a late-stage bull market explosion and may be poised for a strong rally in the near term. He plans to hold gold, cryptocurrencies, and Nasdaq tech stocks until the end of the year to capture the momentum driving the US stock market. He noted that all the conditions for a surge in US stocks are in place, triggering another rapid rally, and believes this scenario will reappear, potentially even more explosive than the one leading up to the 1999 dot-com bubble burst. He described the current bull market as both alluring and risky, with the largest gains typically occurring in the 12 months before the peak. However, those who want to participate must be nimble, as the outcome can be devastating. He does not expect the market to peak in the near term, but rather believes a "speculative frenzy" driven by retail investors and funds operating both long and short positions will emerge. More retail buying and capital will be needed to push stock prices to their final peak.
