Billionaire David Tepper bullish on stocks, sees rising rates…

March 8 (Reuters) – Hedge fund manager David Tepper said it is difficult to be bearish on stocks at present and the recent selloff in U.S. Treasuries that drove up interest rates is over, CNBC reported on Monday, citing an interview with the billionaire. The major market risk has been removed, Tepper told CNBC, and rates should stabilise in the near term. website Government stimulus and a countrywide coronavirus vaccination program have fueled expectations of an economic rebound in the United States, pushing Treasury yields higher in recent weeks.

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