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'It's a late-innings game:' Hedge fund billionaire David Tepper says he's dumped some stocks, and warns of a bear market if Trump's trade war worsens

San Francisco Chronicle
'It's a late-innings game:' Hedge fund billionaire David Tepper says he's dumped some stocks, and warns of a bear market if Trump's trade war worsens

David Tepper, the co-founder of Appaloosa Management, said Thursday he had reduced his holdings of US stocks.  "I think it's a late-innings game," he told CNBC of the bull market.  Tepper said that worsened trade relations between the US and China could cause a 5% to 20% decline in the