This billionaire says the US stock market is overlooking the rapidly growing national debt - News Summed Up

This billionaire says the US stock market is overlooking the rapidly growing national debt


Hedge fund billionaire Leon Cooperman said he thinks the market is overvalued, and that it is overlooking "a number of things." Risks for the marketThe nation's rapidly growing national debt is among Cooperman's biggest concerns. Now, the national debt is exploding as Washington scrambles to rescue the US economy from the shock of the pandemic. "Six months ago, the market was totally fixated on a deal with China," Cooperman said. "If there was good news in China, the market would rally, and if there was bad news in China, the market went down.


Source: CNN July 20, 2020 10:30 UTC



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