Paul Tudor Jones comments at a hedge fund conference (the Ira W. Sohn Investment Research Conference) crossing the wires. Its his his first-ever Sohn presentation.
Earlier he said that the “macro doctor” needs to prescribe central bank viagra (hedge fund legend PTJ is getting older and has concerns on his mind, apparently).
- “My message to bond bears is to wait till you see the whites of their eyes before you sell fixed income,” he says, noting that yields don’t tend to rise until around three months before the Fed pulls the trigger.
- Jones argues the time to get short is probably in April of 2015, three months ahead of the implied rate hike in July 2015