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Search resuls for: "Rick Armstrong"


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Speaking ahead of the Fed meeting, investment veteran Patrick Armstrong believes the Fed is unlikely to keep hiking rates indefinitely. "I think consensus probably has the Fed getting to 4.25% in March next year, and then probably pausing. Armstrong is co-fund manager of the Prosper Global Macro fund , a diversified multi-asset fund with an inflation beating mandate. The fund was up 4.8% as of the end of August, outperforming major indexes in both the U.S. and Europe. Read more Fund manager says the bear market is going to get 'nasty' — but says he's not 'freaking out' Looking for a short-term trade?
Outperforming fund manager names his short positions
  + stars: | 2022-09-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOutperforming fund manager names his short positionsStock markets are down but fund manager Patrick Armstrong is still delivering positive returns. Here's what he is shorting in this volatile market.
The pan-European STOXX 600 index (.STOXX) traded 0.7% lower, while France's CAC 40 index (.FCHI) dropped 1.3%. Shares in TF1 (TFFP.PA) fell 3.2% and M6 (MMTP.PA) declined 4.5% after merger plans between the French TV companies collapsed, as they noted antitrust requests had made the deal irrelevant. Most market participants expect the U.S. central bank to deliver a third straight 75 basis point hike. "Investors seem to be worried about the upcoming central bank meetings," said Patrick Armstrong, chief investment officer at Plurimi Wealth. European markets closed their worst weekly performance in three months on Friday on escalating recession worries amid aggressive central bank tightening.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPlurimi says these stocks face a 'pretty toxic' environment as interest rates risePatrick Armstrong, chief investment officer at Plurimi Wealth, names the stocks in one particular sector that face a "pretty toxic" environment as interest rates rise further.
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