"Stock Market Not at Bottom... Hedge Fund Expert Warns Worst Is Yet to Come"

Criticism of Trump's Tariff Policy
"Cash Holdings Should Be Increased for the Time Being"

Leon Cooperman, chairman of Omega Advisors and regarded as a master of hedge funds, warned that "the decline in the U.S. stock market will continue for the time being."

On the 7th (local time), according to U.S. economic news outlet CNBC, Cooperman criticized the tariff policies of the Donald Trump administration in an interview. He stated that the decisions made under the banner of America First have led to an economic downturn.

Cooperman said, "The worst is yet to come," and analyzed, "It seems that President Trump has chosen (a recession) to lower inflation and bond yields. Due to tariff risks and policy uncertainties, the market will exhibit high volatility for the time being."

He continued, "The current market situation is very uncertain and unfavorable for investors," advising, "Since the stock market has not yet reached the bottom, investors should not let their guard down."

Regarding a strategy of buying at low prices, he said, "How much risk to take is a decision each must make for themselves," adding, "I do not try to predict the market bottom; I will act only after seeing the bottom actually hit."

In fact, last month Cooperman emphasized that "it is time to reduce stock positions and increase the cash ratio in portfolios." He stressed that policy uncertainties under the Trump administration are growing, stock market valuations are already excessively high, and future policies will destabilize the U.S. economy and stock market, so a conservative position is necessary rather than an aggressive investment strategy.