Investors / stance tracking
What Paul Tudor Jones is saying
FollowFollowingUnfollowFounder/CIO, Tudor Investment Corp
49 dated public stances tracked since 2018-06-21, most recently 2026-10-17. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Paul Tudor Jones's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Paul Tudor Jones is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
Think we got something wrong? Report a misattribution — we correct it or take it down.
49
tracked stances
19
themes
5
side flips
2026-10-17
last heard
Returns 90d +6.7% 74% correct · 35 calls · 180d +4.0% 58% correct · 33 calls · 1y +14.6% 74% correct · 27 calls
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances. “% correct” is the share of those scored calls whose direction-aware return was positive at the horizon — in a rising market a bullish call is correct by default, so read it beside the market, not alone.
Scored calls
Every tracked call with at least one matured horizon: the rows behind the Returns line above. A dash is a horizon that has not matured yet.
| Date | Name | Call | 90d | 180d | 1y |
|---|---|---|---|---|---|
| 2026-05-07 | SPX | bullish | +5.5% | — | — |
| 2026-05-07 | Big Tech | owns | +3.3% | — | — |
| 2026-05-05 | USD | owns | +2.4% | +5.3% | — |
| 2026-04-28 | USTS | short | +1.1% | +2.4% | — |
| 2026-04-28 | USD | bearish | -3.9% | -5.4% | — |
| 2026-04-28 | SPX | bearish | -4.1% | -8.1% | — |
| 2026-04-28 | BITCOIN | bullish | -16.5% | +4.9% | — |
| 2026-04-27 | OIL | short | +7.4% | -23.4% | — |
| 2025-10-14 | long GOLD / short BITCOIN | pair | +15.1% | +25.9% | +13.3% |
| 2025-10-14 | USTS | bearish | +0.1% | -0.1% | +4.0% |
| 2025-10-14 | SILVER | bullish | +65.0% | +45.9% | +7.3% |
| 2025-10-14 | Long Dur Treasuries | bearish | +2.4% | +2.4% | +9.1% |
| 2025-10-06 | long GOLD / long BITCOIN / long Big Tech | basket | -4.2% | -10.5% | -0.3% |
| 2025-10-06 | GOLD | bullish | +12.2% | +17.4% | +4.9% |
| 2025-10-06 | BITCOIN | bullish | -26.6% | -46.0% | -31.4% |
| 2025-10-06 | Big Tech | bullish | +1.8% | -2.9% | +25.6% |
| 2025-06-11 | GOLD | bullish | +8.3% | +25.0% | +25.3% |
| 2025-06-11 | BITCOIN | bullish | +2.6% | -16.6% | -41.5% |
| 2025-05-07 | SPX | bearish | -12.2% | -22.5% | -31.9% |
| 2024-10-23 | long GOLD / long BITCOIN / long Commodities Broad / long Big Tech | basket | +17.9% | +11.2% | +37.0% |
| 2024-10-23 | GOLD | owns | +0.9% | +25.8% | +51.0% |
| 2024-10-23 | Commodities Broad | bullish | +3.9% | -1.5% | +6.2% |
| 2024-10-23 | BITCOIN | owns | +59.2% | +31.4% | +65.2% |
| 2024-10-23 | Big Tech | bullish | +7.6% | -11.0% | +25.7% |
| 2024-10-22 | long GOLD / long BITCOIN / long Commodities Broad / long Big Tech | basket | +15.2% | +9.1% | +33.7% |
| 2024-10-22 | Long Dur Treasuries | short | +3.7% | +4.9% | -4.1% |
| 2024-02-14 | USD | bearish | -1.7% | -1.3% | -8.3% |
| 2024-02-14 | Long Dur Treasuries | bearish | +1.1% | -6.2% | +0.5% |
| 2024-02-14 | GOLD | bullish | +18.3% | +23.9% | +46.6% |
| 2024-02-14 | BITCOIN | bullish | +18.8% | +14.5% | +86.4% |
| 2023-05-15 | SPX | bullish | +8.9% | +7.4% | +28.5% |
| 2020-12-06 | Commodities Broad | bullish | +22.0% | +35.8% | +41.2% |
| 2020-10-20 | long GOLD / short Commodities Broad | pair | -9.0% | -18.7% | -34.7% |
| 2020-01-31 | USD | bearish | -1.9% | +4.0% | +6.6% |
| 2019-06-13 | GOLD | bullish | +11.4% | +9.0% | +28.5% |
View flips
Where the tracked view on a theme reversed between appearances — bullish to bearish or back. Dates are the episodes on each side of the turn.
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| BITCOIN | 5 | 5 bullish | 2026-04-28 | |
| GOLD | 5 | 5 bullish | 2025-10-06 | |
| SPX | 5 | 2 bullish / 3 bearish | 2026-10-13 | |
| Big Tech | 4 | 4 bullish | 2026-10-17 | |
| Long Dur Treasuries | 4 | 4 bearish | 2026-10-13 | |
| USD | 4 | 1 bullish / 3 bearish | 2026-05-05 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2026-10-17
Big Tech
bullish
Paul Tudor Jones · video
Post-midterm seasonality historically bottoms late October and drives a strong Q4, and the 1999 analog (Nasdaq doubled Oct '99–Mar '00) means you must position for a year-end run
“you have to position yourself like it's October '99”
Paul Tudor Jones Just Issued A Terrifying Warning For 2027
2026-10-13
Long Dur Treasuries
bearish
Paul Tudor Jones · video
AI infrastructure buildout at 3.6% of GDP competes with sovereign issuance in an already-crowded global debt market, and rising yields have already added $120B to the CBO deficit baseline, pushing toward a tipping point where fixed income breaks and forces…
“if you put a gun to my head, I'd say 60-40. We're down that path.”
Paul Tudor Jones WARNS: The U.S. Economy Looks Like 1999 AI Risks & Oil Surge | CNBC
Said again: 2026-10-13 (Paul Tudor Jones (newest)), 2026-10-17 (Paul Tudor Jones)
The flow picture for US equities is the most negative since 2002 — IPOs, secondaries, and unlocks now outweigh the buybacks and financial engineering that powered the bull market since 2009, while narrow breadth mirrors the late-1999 setup heading into the…
“I'll be short the whole year. There's just little value left.”
Paul Tudor Jones Just Issued a Terrifying Warning for 2027
Said again: 2026-10-17 (Paul Tudor Jones)
Post-midterm Middle East resolution uncertainty keeps a sword of Damocles over the oil market with upside skew, as any harder resolution path gets more likely to be exercised now that elections have passed
“I'm long oil, bullish on oil. I think it can rally another 20 or 25 bucks.”
Paul Tudor Jones WARNS: The U.S. Economy Looks Like 1999 AI Risks & Oil Surge | CNBC
Said again: 2026-10-17 (Paul Tudor Jones)
2026-10-13
Ai Infra
bullish
Paul Tudor Jones · video
Still in a 1999-style two-speed market where AI adopters outperform non-adopters; position established in May is still held with Q4 seasonal tailwinds expected post-midterms
“short-term weakness, intermediate term, strength into year end”
Paul Tudor Jones WARNS: The U.S. Economy Looks Like 1999 AI Risks & Oil Surge | CNBC
Said again: 2026-10-13 (Paul Tudor Jones (newest))
2026-05-07
Big Tech
owns
Paul Tudor Jones · video
AI productivity cycle mirrors the PC (1981) and internet (1995) booms, which each lasted 4-5 years; we are only 50-60% through this cycle with another 1-2 years and ~40% upside remaining
“I just buy baskets... we've got another year or two to run”
90d +3.3%
Legendary investor Paul Tudor Jones: AI bull market has 'another year or two to run'
Price multiples and earnings comparisons place the market at the equivalent of Q4 1999, suggesting ~40% more upside before a peak, with election-year Fed constraint providing additional near-term support
“whether you look at productivity miracles or price analogs, you've got more runway”
90d +5.5%
Legendary investor Paul Tudor Jones: AI bull market has 'another year or two to run'
2026-05-07
SHORT-DURATION / RATE HIKE RISK (US RATES)
bullish
Paul Tudor Jones · video
Incoming Fed Chair Kevin Warsh faces a 6% budget deficit and massive hyperscaler infrastructure spending creating inflationary pressure, making rate cuts unlikely and rate hikes possible, posing risk to long-duration assets
“Do I think he'll cut rates? No chance.”
Legendary investor Paul Tudor Jones: AI bull market has 'another year or two to run'
Dollar expected to rally as Asian banks open Monday morning and bid it up, creating a narrow informational timing window before the market absorbs weekend news flow
“I think they'll be bidding it up as soon as they walk in, which is why I'm really going to buy them right now”
90d +2.4% · 180d +5.3%
Paul Tudor Jones Documentary
Excessive fiscal stimulus combined with Powell staying too easy for too long for political reasons meant that once Biden reappointed him, normalization was inevitable, creating a clear short opportunity in two-year rates
“As soon as Biden reappointed him, it was go time to get short two-year notes”
90d +1.1% · 180d +2.4%
Legendary Trader Paul Tudor Jones on AI Risk, Bubbles and Buffett
Bitcoin is the best inflation hedge because its supply is finite and it is decentralized, making it superior to gold on scarcity grounds, though cyber warfare and quantum computing risk are meaningful tail risks
“Bitcoin is unequivocally the best inflation hedge that there is more than gold because Bitcoin is finite”
90d -16.5% · 180d +4.9%
Legendary Trader Paul Tudor Jones on AI Risk, Bubbles and Buffett
Said again: 2026-06-28 (Paul Tudor Jones)
At a stock-market-cap-to-GDP ratio of 252% and a P/E of ~22, historical data shows 10-year forward returns are negative, making it very hard to generate long-term gains from current valuations despite the market not necessarily being in an outright bubble
“If you buy the S&P at this current valuation, the 10-year return's negative when you buy with the S&P PE of 22”
90d -4.1% · 180d -8.1%
Legendary Trader Paul Tudor Jones on AI Risk, Bubbles and Buffett
The yen is grossly undervalued with Japan holding $4.5T net international investment position mostly in unhedged US dollars, and a newly elected reform-minded prime minister provides the catalytic moment for yen appreciation similar to currency rallies seen…
“The yen's grossly undervalued. Has been for some time. What's the catalytic moment?”
90d -3.9% · 180d -5.4%
Legendary Trader Paul Tudor Jones on AI Risk, Bubbles and Buffett
2026-04-28
TECHNOLOGY STOCKS / LARGE-CAP TECH
bearish
Paul Tudor Jones · video
Hyperscaler capex commitments are eating into buyback capacity while a wave of IPO unlocks will add significant equity supply funded largely by selling existing tech holdings, creating a prolonged headwind for the sector
“That's why tech has dogged it and why it will continue to dog it”
Legendary Trader Paul Tudor Jones on AI Risk, Bubbles and Buffett
OPEC's announced production-cut agreement will fail because getting 13 nations to honor any deal is structurally impossible, and two of the largest producers have already said they won't comply
“wild horses couldn't keep me from betting against them succeeding in that”
90d +7.4% · 180d -23.4%
Trader The Documentary Paul Tudor Jones
Said again: 2026-05-05 (Paul Tudor Jones)
2025-10-28
Meme Stocks
bullish
Paul Tudor Jones · video
Late-cycle speculative frenzy requires additional retail buying flows, and the Morgan Stanley retail flow basket (meme stocks) is already up ~67-68%, suggesting momentum will continue as more retail investors are recruited.
“Whatever the fastest horse is at this point in time probably has a good chance of being that on Dec. 31.”
Paul Tudor Jones: Ingredients are in place for massive rally before a ‘blow off’ top to bull market
2025-10-14
long GOLD / short BITCOIN
pair
Paul Tudor Jones · video
Gold and silver are capturing the debasement trade more efficiently than crypto in the current momentum regime — same dollar of vol-adjusted inflow into Bitcoin has underdelivered relative to gold since Liberation Day, and Q4 trend-following favors the…
“gold and silver going to outperform crypto”
90d +15.1% · 180d +25.9% · 1y +13.3%
Paul Tudor Jones on the AI Bubble Debate (FULL)
Fiscal deficits of 6% of GDP, a politically driven push to cut Fed funds to 2.25–2.5%, and eventual inflation rekindling in 6–18 months make long-duration Treasuries structurally unattractive despite near-term cuts.
“it might be the bond market again, though”
90d +0.1% · 180d -0.1% · 1y +4.0%
Paul Tudor Jones on the AI Bubble Debate (FULL)
2025-10-14
Long Dur Treasuries
bearish
Paul Tudor Jones · video
6% US budget deficits and a politically driven push for artificially low Fed funds rates will eventually reignite inflation and stress sovereign debt markets, pressuring bond prices
“it might be the bond market again, though”
90d +2.4% · 180d +2.4% · 1y +9.1%
Paul Tudor Jones on the AI Bubble Debate (FULL)
Same fiat debasement and fiscal dominance dynamics as gold, with an extremely small market cap making it highly responsive to even modest reallocation of global financial assets
“silver which is a fraction of that...it doesn't take very much”
90d +65.0% · 180d +45.9% · 1y +7.3%
Paul Tudor Jones on the AI Bubble Debate (FULL)
2025-10-06
long GOLD / long BITCOIN / long Big Tech
basket
Paul Tudor Jones · video
Fiscal deficits + rate-cut cycle create a 1999-style blowoff environment where inflation-hedge and speculative-momentum assets lead; wants exposure to all three simultaneously into year-end
“I'd want to have a combination of gold, crypto, probably the NASDAQ”
90d -4.2% · 180d -10.5% · 1y -0.3%
Paul Tudor Jones ~ 2025-OCT-06 Monday
2025-10-06
Big Tech
bullish
Paul Tudor Jones · video
Late-cycle blow-off dynamics similar to 1999, combined with unprecedented fiscal stimulus (6% deficit) and monetary easing (rate cuts to negative real rates), create conditions for massive price appreciation in equities.
“I'd want to have a combination of gold, crypto, probably the NASDAQ”
90d +1.8% · 180d -2.9% · 1y +25.6%
Paul Tudor Jones ~ 2025-OCT-06 Monday
Said again: 2025-10-14 (Paul Tudor Jones), 2025-10-28 (Paul Tudor Jones)
Loose fiscal and monetary conditions are inflationary and retail-flow-driven; crypto is among the biggest winners (up 50-60%) reflecting that dynamic.
“Bitcoin, I want to say it's up 50 or 60”
90d -26.6% · 180d -46.0% · 1y -31.4%
Paul Tudor Jones ~ 2025-OCT-06 Monday
Said again: 2025-10-14 (Paul Tudor Jones), 2025-10-28 (Paul Tudor Jones)
Unprecedented combination of loose fiscal policy (6% deficit) and monetary easing creates an inflation story; gold is up 46-47% and is one of the biggest winners in this macro environment.
“crypto, digital, gold, that's obviously something that's very, very appealing”
90d +12.2% · 180d +17.4% · 1y +4.9%
Paul Tudor Jones ~ 2025-OCT-06 Monday
Said again: 2025-10-14 (Paul Tudor Jones), 2025-10-28 (Paul Tudor Jones)
2025-10-06
SOVEREIGN DEBT
bearish
Paul Tudor Jones · video
The easing cycle has pulled forward demand and masked a structural supply problem; when the cycle ends in roughly a year, ballooning deficits and AI-driven corporate debt issuance will overwhelm the market
“the biggest bubble that we have is in sovereign debt”
Paul Tudor Jones ~ 2025-OCT-06 Monday
Policymakers will run persistently low real rates and hot inflation to escape the debt trap, making Bitcoin a valid inflation hedge, though held at a lower volatility-adjusted weight than gold
“the road map is clear...I'm going to run really low real rates, I'm going to have inflation running hot...gold adjusted Bitcoin”
90d +2.6% · 180d -16.6% · 1y -41.5%
Trump Will Pick 'Uber Dovish' Fed Chair: Paul Tudor Jones (Full Interview)
Fiscally-constrained governments will be forced to run negative real rates and hot inflation to escape the debt trap, making gold a core inflation hedge in the optimal portfolio
“some combination of probably gold adjusted Bitcoin, gold, stocks...that's probably your best portfolio to fight inflation”
90d +8.3% · 180d +25.0% · 1y +25.3%
Trump Will Pick 'Uber Dovish' Fed Chair: Paul Tudor Jones (Full Interview)
Tariffs act as the largest tax increase since the 1960s reducing growth by 2-3%, while the Fed remains locked into not cutting rates, creating a headwind that pushes stocks to new lows before policy pivots occur
“you got the Fed who's locked in on not cutting rates. That's not good for the stock market. We'll probably go down to new lows”
90d -12.2% · 180d -22.5% · 1y -31.9%
Paul Tudor Jones' AI Warning ~ FULL interview + Commentary ~ 2025-MAY-06 Tuesday
2024-10-23
long GOLD / long BITCOIN / long Commodities Broad / long Big Tech
basket
Paul Tudor Jones · video
All roads lead to inflation because the historical playbook for over-indebted sovereigns is to inflate away debt by running nominal growth and dovish rates above the borrowing cost, making real assets and high-growth equities the correct inflation hedges…
“I probably have some basket of gold Bitcoin Commodities and NASDAQ something like that”
90d +17.9% · 180d +11.2% · 1y +37.0%
Paul Tudor Jones CNBC 2024-OCT-22 interview
2024-10-23
Big Tech
bullish
Paul Tudor Jones · video
Most young people use NASDAQ/tech as their inflation hedge and it has performed well in inflationary environments, making it a component of an inflation-protection basket
“most young people find their inflation hedges via the NASDAQ, that's also been great”
90d +7.6% · 180d -11.0% · 1y +25.7%
Paul Tudor Jones CNBC 2024-OCT-22 interview
Fiscal deterioration and inflationary resolution of US debt crisis make Bitcoin a valid inflation hedge alongside gold
“I'm long gold, I'm long Bitcoin, I think commodities are so ridiculously under-owned”
90d +59.2% · 180d +31.4% · 1y +65.2%
Paul Tudor Jones CNBC 2024-OCT-22 interview
All roads lead to inflation as the US (like all over-indebted nations historically) will inflate away its debt, making gold a core inflation hedge
“I'm long gold, I'm long Bitcoin, I think commodities are so ridiculously under-owned”
90d +0.9% · 180d +25.8% · 1y +51.0%
Paul Tudor Jones CNBC 2024-OCT-22 interview
2024-10-23
Commodities Broad
bullish
Paul Tudor Jones · video
Commodities are severely under-owned and serve as an inflation hedge as the US inflates away its debt burden
“I think commodities are so ridiculously under-owned so I'm bullish on commodities”
90d +3.9% · 180d -1.5% · 1y +6.2%
Paul Tudor Jones CNBC 2024-OCT-22 interview
2024-10-22
long GOLD / long BITCOIN / long Commodities Broad / long Big Tech
basket
video
Unsustainable US fiscal trajectory (7-8% deficits, 35T debt, 80% negative net international investment position) means all roads lead to inflation; gold, bitcoin, commodities, and the Nasdaq are the canonical inflation-hedge basket he would hold instead of…
“I probably have some basket of gold Bitcoin commodities Nasdaq something like that and I would own zero fixed income”
90d +15.2% · 180d +9.1% · 1y +33.7%
2024-10-22
Long Dur Treasuries
short
Paul Tudor Jones · video
US debt trajectory (35T debt, 2T annual deficit, debt/GDP headed to 200% in 30 years) makes long-duration bonds fundamentally mispriced, and post-election fiscal promises from both candidates will worsen the picture
“I am clearly not going to own any fixed income and I'm going to be short the backend of fixed income”
90d +3.7% · 180d +4.9% · 1y -4.1%
Legendary investor Paul Tudor Jones: I am clearly not going to own any fixed income
Said again: 2024-10-22, 2024-10-23 (Paul Tudor Jones)
2024-10-22
INFLATION TRADES (BROAD)
bullish
Paul Tudor Jones · video
Repositioning toward inflation trades because a Trump election win combined with deficit-expanding tax cuts will accelerate inflationary pressures
“it just means more in inflation trades”
Legendary investor Paul Tudor Jones: I am clearly not going to own any fixed income
2024-10-22
INFLATION HEDGES (UNSPECIFIED BASKET)
owns
Paul Tudor Jones · video
Both candidates' fiscal plans add inflationary pressure (Trump scenario: +$500B/yr deficit; Harris: +$600B/yr), so portfolio should tilt toward assets that benefit from sustained inflation
“I moved in that direction for sure — it just means more inflation drags”
Legendary investor Paul Tudor Jones: I am clearly not going to own any fixed income
2024-02-14
Long Dur Treasuries
bearish
Paul Tudor Jones · video
With deficits at 7.5% of GDP, $2.8 trillion in new supply needed, and inflation likely to re-accelerate, long-end bond buyers will 'give up' and duration is grossly mispriced to the downside
“anything over five years that has that just right now is so grossly mispriced that's the absolute last thing you want to own”
90d +1.1% · 180d -6.2% · 1y +0.5%
Signature Series #2: “U.S. Fiscal Situation and What the Future Might Hold” – Paul Tudor Jones II
The 2,000-year playbook for over-indebted empires is to inflate away debt; bitcoin sits alongside gold as the primary vehicle to be long as the US follows that path under fiscal and monetary pressure
“you want to be long bitcoin and gold”
90d +18.8% · 180d +14.5% · 1y +86.4%
Signature Series #2: “U.S. Fiscal Situation and What the Future Might Hold” – Paul Tudor Jones II
Chronic US fiscal deficits and the likely policy path of inflating away debt make gold a core inflation hedge alongside other hard assets
“you want to be long bitcoin and gold and you don't want to have any duration in fixed income”
90d +18.3% · 180d +23.9% · 1y +46.6%
Signature Series #2: “U.S. Fiscal Situation and What the Future Might Hold” – Paul Tudor Jones II
Neither a fiscal austerity path nor an inflationary/deficit-spending path is favorable for the dollar given the scale of US debt obligations and likely currency debasement
“I'm not sure the dollar does well under either one of those guys under either Administration”
90d -1.7% · 180d -1.3% · 1y -8.3%
Signature Series #2: “U.S. Fiscal Situation and What the Future Might Hold” – Paul Tudor Jones II
2023-05-15
SHORT US RATES / FED PAUSE
bullish
Paul Tudor Jones · video
With CPI declining 12 consecutive months, 2-year breakevens under 2%, and interest rates already at historically recession-triggering levels, the Fed is definitively done raising rates and the next move is a pause or cut.
“They could probably declare Victory now”
Paul Tudor Jones says the Fed is done raising rates, stocks to finish the year higher from here
The financial cycle drives the business cycle, and with the Fed done hiking and inflation on a 12-month declining arc, equity prices should continue to grind higher through year-end 2023
“equity prices are going to continue to go up this year”
90d +8.9% · 180d +7.4% · 1y +28.5%
Paul Tudor Jones says the Fed is done raising rates, stocks to finish the year higher from here
2020-12-06
Commodities Broad
bullish
Paul Tudor Jones · video
Vaccine-driven demand explosion and inflation comeback in Q2/Q3 will push commodity prices higher regardless of Georgia Senate outcome
“commodities will probably go up...pretty much charted the course to some type of absolute supersonic boom”
90d +22.0% · 180d +35.8% · 1y +41.2%
Paul Tudor Jones on the stock market: We've never seen anything like this
2020-12-06
RISK ASSETS / EQUITIES
bullish
Paul Tudor Jones · video
Post-election uncertainty resolution historically triggers a redeployment of sidelined cash back into risk assets, and zero/negative real rates leave no good alternative, so the trend continues
“a redeployment of cash back into risky assets after the fears associated with presidential elections... I assume that trend is going to continue”
Paul Tudor Jones on the stock market: We've never seen anything like this
2020-10-20
long GOLD / short Commodities Broad
pair
Paul Tudor Jones · video
Fear of liquidity crunch and deflation is driving precious metals higher on pure safe-haven demand while disinflation and deflation fears are crushing the broader hard commodity complex, creating a divergence between fear-premium metals and cyclical…
“being long fear which means being long the metals complex and short the rest of the hard commodity complex”
90d -9.0% · 180d -18.7% · 1y -34.7%
Paul Tudor Jones --1987 Crash *** Mr Market fools 99.9% of People ***
The dollar is artificially elevated by a 5% US budget deficit and the most stimulative fiscal/monetary mix PTJ has ever seen; normalization toward European deficit levels would cause a substantial decline in dollar valuation
“the dollar would be substantially lower I believe”
90d -1.9% · 180d +4.0% · 1y +6.6%
Paul Tudor Jones & Ray Dalio at Greenwich Economic Forum | Full Length Archive, Traders Network Show
Gold benefits from potential US rate cuts toward zero, reversal of globalization, and recession risk, making it the best macro hedge for equity portfolios
“I think one of the best trades going to be gold... it has everything going for it”
90d +11.4% · 180d +9.0% · 1y +28.5%
Gold Is Paul Tudor Jones's Favorite Trade for Next 12-24 Months
Real 10-year rates at roughly -30 to -40bps versus a 250-year historical norm of +200bps are unsustainable at 3.8% unemployment and 2.8% CPI, mirroring the 1960s Operation Twist suppression that set up the 1970s inflation regime and eventual rate surge
“clearly interest rate policy is crazy”
Paul Tudor Jones interviewed by Goldman Sachs CEO Lloyd Blankfein
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